Hire-Purchase (Increase of Limit of Value) (Great Britain) Order 1978
| Jurisdiction | UK Non-devolved |
| Citation | SI 1978/461 |
| Year | 1978 |
STATUTORY INSTRUMENTS
1978 No. 461
HIRE-PURCHASE
The Hire-Purchase (Increase of Limit of Value) (Great Britain) Order 197821stMarch 1978
1stJune 1978
At the Court at Buckingham Palace, the 21st day of March, 1978
Present,
The Queen's Most Excellent Majesty in Council
Whereas a draft of this Order has been laid before Parliament and approved by resolution of each House:
Now, therefore, Her Majesty, in exercise of the powers conferred upon Her by section 3 of the Hire-Purchase Act 1965(a) and section 3 of the Hire-Purchase (Scotland) Act 1965(b), is pleased, by and with the advice of Her Privy Council, to order, and it is hereby ordered, as follows:—
1. This Order may be cited as the Hire-Purchase (Increase of Limit of Value) (Great Britain) Order 1978 and shall come into operation on 1st June 1978.
2. Subsections (2), (3)(b) and (4) of section 2 of the Hire-Purchase Act 1965 and of section 2 of the Hire-Purchase (Scotland) Act 1965 are hereby amended by the substitution for "£2,000" wherever it occurs of "£5,000".
N. E. Leigh, Clerk of the Privy Council.
(a) 1965 c. 66.
(b) 1965 c. 67.
EXPLANATORY NOTE
(This Note is not part of the Order.)
In section 2 of the Hire-Purchase Act 1965 (which applies to England and Wales) and in section 2 of the Hire-Purchase (Scotland) Act 1965, it is provided that references to hire-purchase agreements and conditional sale agreements in Parts II, III and IV of each Act and references to credit-sale agreements in Part II of each Act shall be construed as references to such agreements under which the hire-purchase price or total purchase price, as the case may be, does not exceed £2,000.
This Order amends section 2 of each...
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