The Health and Social Services Trusts (Originating Capital Debt) Order (Northern Ireland) 1996

Link to law: http://www.legislation.gov.uk/nisr/1996/125/made/data.htm?wrap=true
Published: 1996-03-27

Statutory Rules of Northern Ireland
1996 No. 125

HEALTH AND PERSONAL SOCIAL SERVICES
The Health and Social Services Trusts (Originating Capital Debt) Order (Northern Ireland) 1996

Made
27th March 1996

Coming into operation
27th March 1996

The Department of Health and Social Services, in exercise of the powers conferred on it by Article 14(1) and (4) of the Health and Personal Social Services (Northern Ireland) Order 1991(1), and all other powers enabling it in that behalf, and with the consent of the Department of Finance and Personnel in accordance with Article 14(8) of that Order, hereby makes the following Order:

Citation and commencement

1.  This Order may be cited as the Health and Social Services Trusts (Originating Capital Debt) Order (Northern Ireland) 1996 and shall come into operation on 27th March 1996.

Originating capital debt of HSS Trusts

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

(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 and public dividend capital of an amount specified opposite it in column 4.

Sealed with the Official Seal of the Department of Health and Social Services on

L.S.
B. McGahan
Assistant Secretary
27th March 1996.

The Department of Finance and Personnel hereby consents to the foregoing Order.

Sealed with the Official Seal of the Department of Finance and Personnel on

L.S.
J. G. Sullivan
Assistant Secretary
27th March 1996.

Article 2

SCHEDULEOriginating Capital Debts

Column 1
Column 2
Column 3
Column 4

HSS trust
Originating Capital Debt £
Initial Loan £
Public Dividend Capital £

Causeway HSS Trust
26,277,918
13,138,959
13,138,959

Northern Ireland Ambulance Service HSS Trust
8,373,243
4,186,621
4,186,622

Explanatory Note

(This note is not part of the Order.)
This Order determines the amount of the originating capital debt provided for in Article 14(1) of the Health and Personal Social Services (Northern Ireland) Order 1991 of HSS trusts established under that Order with an operational date of 1st April 1995. It also provides also for the splitting of the originating capital debts into interest bearing loan and public dividend capital.

(1)
S.I. 1991/194 (N.I. 1)
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