Statutory Instruments
1994 No. 496 (S. 18)

NATIONAL HEALTH SERVICE, SCOTLAND
The National Health Service Trusts (Originating Capital Debt) (Scotland) Order 1994

Made
25th February 1994

Coming into force
9th March 1994

The Secretary of State, in exercise of the powers conferred on him by section 12E(1) and (4) of the National Health Service (Scotland) Act 1978(1), and of all other powers enabling him in that behalf, with the consent of the Treasury, 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) (Scotland) Order 1994 and shall come into force on 9th March 1994.

(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.

Fraser of Carmyllie
Minister of State, Scottish Office
St Andrew’s House,
Edinburgh
21st February 1994

We consent,

Timothy Kirkhope
Andrew Mackay
Two of the Lords Commissioners of Her Majesty’s Treasury
25th February 1994

Article 2

SCHEDULEORIGINATING CAPITAL DEBTS

Column 1
Column 2
Column 3
Column 4

NHS TRUST
Originating Capital Debt
Initial Loan
Public Dividend Capital

£
£
£

Ayrshire and Arran Community Health Care NHS Trust
51,964,840
25,982,420
25,982,420

Caithness and Sutherland NHS Trust
15,485,905
7,742,953
7,742,952

Dundee Teaching Hospitals NHS Trust
122,362,529
61,181,265
61,181,264

Grampian Healthcare NHS Trust
178,791,312
89,395,656
89,395,656

Monklands and Bellshill Hospitals NHS Trust
41,413,278
20,706,639
20,706,639

Moray Health Services NHS Trust
22,090,512
11,045,256
11,045,256

North Ayrshire and Arran NHS Trust
76,642,818
38,321,409
38,321,409

Raigmore Hospital NHS Trust
52,732,278
26,366,139
26,366,139

Royal Alexandra Hospital NHS Trust
61,677,000
30,838,500
30,838,500

Royal Scottish National Hospital and Community NHS Trust
27,302,207
13,651,104
13,651,103

Southern General Hospital NHS Trust
57,797,000
28,898,500
28,898,500

Stirling Royal Infirmary NHS Trust
42,019,399
21,009,700
21,009,699

Victoria Infirmary NHS Trust
44,305,880
22,152,940
22,152,940

West Lothian NHS Trust
94,257,272
47,128,636
47,128,636

Yorkhill NHS Trust
37,872,181
18,936,091
18,936,090

Explanatory Note

(This note is not part of the Order)
This Order determines the amount of the originating capital debt provided for in section 12E of the National Health Service (Scotland) Act 1978 of NHS trusts established under that Act with an operational date of 1st April 1993. It provides also for the splitting of the originating capital debts into loan and public dividend capital.

(1)
1978 c. 29. Section 12E was inserted by the National Health Service and Community Care Act 1990 (c. 19), section 31.