Shipbuilding Act 1985(repealed 5.11.1993 for Act except s. 1 and 1.4.1996 otherwise) (1985 c. 14)

1 Schemes under the 1978 Act.

(1) This section extends the period in respect of which schemes made under the Shipbuilding (Redundancy Payments) Act 1978 have effect.

[M1] 1978 c. 11.

(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

[M2] S.I. 1981/916.

[M3] S.I. 1982/1090.

(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;

[M4] S.I. 1981/924.

[M5] S.I. 1982/1118.

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(3) Section 2(4) of the Act of 1978 is hereby repealed.

2 The loan under the 1967 Act.

(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.

[M6] 1967 c. 40.

(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.

3 Short title and extent.

(1) This Act may be cited as the Shipbuilding Act 1985.

(2) This Act extends to Northern Ireland.