The National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998

Link to law: http://www.legislation.gov.uk/uksi/1998/771/made/data.htm?wrap=true
Published: 1998-03-06

Statutory Instruments
1998 No. 771

NATIONAL HEALTH SERVICE, ENGLAND AND WALES
The National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998

Made
6th March 1998

Coming into force
31st March 1998

The Secretary of State for Wales, in exercise of the powers conferred on him by section 9(1) and (4) of the National Health Service and Community Care Act 1990(1) and of all other powers enabling him in that behalf, with the consent of the Treasury(2), hereby makes the following Order:

Citation, commencement and interpretation

1.—(1) This Order may be cited as the National Health Service Trusts (Originating Capital Debt) (Wales) Order 1998 and shall come into force on 31st March 1998.

(2) In this Order “the Schedule” means the Schedule to this Order.

Originating capital debt of NHS Trusts

2.—(1) The originating capital debt of an NHS trust specified in column 1 of the Schedule shall be of the amount specified opposite it in column 2 of the Schedule.

(2) Each originating capital debt specified in column 2 of the Schedule shall be divided between an initial loan of an amount specified opposite it in column 3 of the Schedule and public dividend capital of an amount specified opposite it in column 4 of the Schedule.

Signed by authority of the Secretary of State for Wales

Win Griffiths
Parliamentary Under Secretary of State, Welsh Office
27th February 1998

We consent,

Graham Allen
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
6th March 1998

Article 2
SCHEDULE

(1)
(2)
(3)
(4)

NHS Trust
Originating Capital Debt
Initial Loan
Public Dividend Capital

£
£
£

Cardiff Community Healthcare
56,313,000
28,156,500
28,156,500

Glan Hafren
86,935,335
43,467,667
43,467,668

Bridgend and District
48,259,685
24,129,843
24,129,842

Glan y Mor
62,702,881
31,351,441
31,351,440

North Glamorgan
44,284,000
22,142,000
22,142,000

Pembrokeshire and Derwen
34,216,000
17,108,000
17,108,000

West Wales Ambulance
5,652,008
2,826,004
2,826,004

Explanatory Note

(This note is not part of the Order)
This Order determines the amount of the originating capital debt, provided for in section 9 of the National Health Service and Community Care Act 1990, of certain NHS trusts established under that Act. It provides also for the splitting of the originating capital debt into loan and public dividend capital.


(1)
1990 c. 19.

(2)
See section 9(8) of the National Health Service and Community Care Act 1990.
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