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

Link to law: http://www.legislation.gov.uk/uksi/1998/492/made/data.htm?wrap=true
Published: 1998-02-25

Statutory Instruments
1998 No. 492

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

Made
25th February 1998

Coming into force
16th March 1998

The Secretary of State for Health, in exercise of 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) Order 1998 and shall come into force on 16th 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.

Frank Dobson
Secretary of State for Health
25th February 1998

We consent,

Jim Dowd
Graham Allen
Two of the Lords Commissioners of Her Majesty’s Treasury
25th February 1998

SCHEDULE

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

NHS Trust
Originating Capital Debt
Initial Loan
Public Dividend Capital

£
£
£

Invicta Community Care NHS Trust
15,903,000
3,976,000
11,927,000

Isle of Wight Healthcare NHS Trust
52,923,000
13,231,000
39,692,000

Pinderfields and Pontefract NHS Trust
48,425,000
12,106,000
36,319,000

Wirral and West Cheshire Community NHS Trust
42,763,000
10,691,000
32,072,000

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 NHS trusts established under that Act with an operational date of 1st April 1997. It provides also for the splitting of the originating capital debts 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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