Statutory Instrument 1998 No. 492

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

(The document as of February, 2008)

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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

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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.

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Notes:

[1] 1990 c.19.back

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

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ISBN 0 11 065613 X

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