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Export Guarantees Act 1959

As Enacted Cited authorities 3 Cited in Amendments 4 Related
Vincent
JurisdictionUK Non-devolved
Citation1959 c. 63
Year1959


Export Guarantees Act, 1959

(7 & 8 Eliz. 2) CHAPTER 63

An Act to increase the amount of the liabilities which may be undertaken by the Board of Trade in respect of guarantees under sections one and two of the Export Guarantees Act, 1949.

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

S-1 Raising of limits on guarantees under the Export Guarantees Act, 1949.

1 Raising of limits on guarantees under the Export Guarantees Act, 1949.

(1) In subsection (4) of section one of the Export Guarantees Act, 1949 (which, as amended by the Export Guarantees Act, 1952 , imposes a limit of seven hundred and fifty million pounds in respect of guarantees given by the Board of Trade under that section) for the words ‘seven hundred and fifty million pounds’ there shall be substituted the words ‘one thousand million pounds’.

(2) In subsection (2) of section two of the said Act of 1949 (which, as amended by section one of the Export Guarantees Act, 1957 , imposes a limit of two hundred and fifty million pounds in respect of guarantees given by the Board of Trade under the said section two) for the words ‘two hundred and fifty million pounds’ there shall be substituted the words ‘four hundred million pounds’.

S-2 Short title, citation and repeals.

2 Short title, citation and repeals.

(1) This Act may be cited as the Export Guarantees Act, 1959 ; and the Export Guarantees Acts, 1949 to 1957, and this Act may be cited together as the Export Guarantees Acts, 1949 to 1959.

(2) The Export Guarantees Act, 1952, and section one of the Export Guarantees Act, 1957, are hereby repealed.

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