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This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.
An Act to make provision with respect to the limits on sums borrowed by, or paid by Ministers of the Crown to, the National Enterprise Board, the Scottish Development Agency and the Welsh Development Agency and subsidiaries of theirs, on sums paid by the Treasury in pursuance of guarantees of loans to the Board or either of those Agencies and on loans guaranteed by the Board or either of those Agencies or subsidiaries of the Scottish Development Agency.
[4th April 1979]
C1Act in so far as relating to the Scottish Development Agency Act 1975 repealed (1.4.1991) (E.W.S.) by Enterprise and New Towns (Scotland) Act 1990 (c. 35, SIF 64), s. 38(2), Sch. 5 Pt. I
I1Act wholly in force at Royal Assent.
(1)The following enactments, that is to say, F1. . . section 13 of the M1Scottish Development Agency Act 1975 and section 18 of the M2Welsh Development Agency Act 1975 (limits on loans made and capital made available to F1. . . the Scottish Development Agency and the Welsh Development Agency and their wholly owned subsidiaries, and guarantees by, and in respect of loans to, F1. . . those Agencies and any such subsidiary of the Scottish Development Agency) shall be amended in accordance with the following provisions of this section.
(2)—(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
(5)In sections F1. . . 13 and 18, for the words “wholly owned subsidiaries” and “wholly owned subsidiary”, wherever occurring, there shall be substituted the words “subsidiaries” and “subsidiary” respectively.
(6)In sections F1. . .13(5)(b) and 18(5)(b) (which bring within the relevant limit sums borrowed by a subsidiary of F1. . . either of the Agencies only when it was such a subsidiary) for the words “when it was such a subsidiary” there shall be substituted the words “(whether or not it was such a subsidiary at the time any such sum was borrowed)”.
(7)In accordance with the foregoing provisions of this section sections F1. . . 13 and 18 shall have effect as set out in the Schedule to this Act.
F1Words and figures in s. 1(1)(5)(6)(7) repealed (6.1.1992.) by British Technology Group Act 1991 (c. 66, SIF 64), s. 17(2), Schedule 2 PartI; S.I. 1991/2721, art.2
F2S. 1(2)–(4) repealed by Industry Act 1981 (c. 6, SIF 64), s. 7(3), Sch.
C1The text of s. 1 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
M11975 c. 69.
M21975 c. 70.
(1)This Act may be cited as the Industry Act 1979.
(2)M1The National Enterprise Board (Financial Limit) Order 1978 is hereby revoked.
C1The text of ss. 1, 2(2) and the Schedule is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
M1S.I. 1978/580.
Industry Act 1979