ukpga/1985/14 — Shipbuilding Act 1985(repealed 5.11.1993 for Act except s. 1 and 1.4.1996 otherwise)

Shipbuilding Act 1985( repealed 5.11.1993 for Act except s. 1 and 1.4.1996 otherwise) 1985 c. 14 Schemes under the 1978 Act. 1 1 This section extends the period in respect of which schemes made under the Shipbuilding (Redundancy Payments) Act 1978 have effect. 2 In— a Article 2(1) of the Scheme set out in Schedule 2 to the Shipbuilding (Redundancy Payments Scheme) (Great Britain) Order 1981, as amended by Article 2(2) of the Shipbuilding (Redundancy Payments Scheme) (Great Britain) (Amendment) Order 1982; and b Article 2(1) of the Scheme set out in Schedule 2 to the Shipbuilding (Redundancy Payments Scheme) (Northern Ireland) Order 1981 , as amended by Article 2(2) of the Shipbuilding (Redundancy Payments Scheme) (Northern Ireland) (Amendment) Order 1982; for the words “eight years” there shall, in each case, be substituted the words “ nine years and six months ” . 3 Section 2(4) of the Act of 1978 is hereby repealed. The loan under the 1967 Act. 2 1 All outstanding liabilities in respect of the loan made by the Shipbuilding Industry Board to Upper Clyde Shipbuilders Limited under section 4 of the Shipbuilding Industry Act 1967 are hereby extinguished. 2 The assets of the National Loans Fund shall accordingly be reduced by £2,169,106. 99 in respect of the principal outstanding and £120,671.19 in respect of the interest outstanding. Short title and extent. 3 1 This Act may be cited as the Shipbuilding Act 1985. 2 This Act extends to Northern Ireland.