Statutory Instruments
2003 No.839
LIBRARIES
The Public Lending Right (Increase of Limit) Order 2003
Made
20 March 2003
Coming into force
1 April 2003
Whereas a draft of this Order has been laid before the House of Commons in accordance with section 2(3) of the Public Lending Right Act 1979( 1 ) and has been approved by a resolution of that House:
Now, therefore, the Secretary of State, in exercise of the powers conferred by section 2(3) and now vested in her ( 2 ), and with the consent of the Treasury, makes the following Order:–
1. This Order may be cited as the Public Lending Right (Increase of Limit) Order 2003 and shall come into force on 1st April 2003.
2. The limit on the sums to be paid under section 2(2) of the Public Lending Right Act 1979, out of money provided by Parliament into the Central Fund to satisfy the liabilities of any one financial year of the Fund, shall be increased to–
(a) £14.252 million in respect of the financial year beginning on the day this Order comes into force; and
(b) £8 million in respect of financial years thereafter,
and, in each case, that limit shall be less the total of any sums paid in that year, out of money so provided, under paragraph 2 of the Schedule to the Public Lending Right Act 1979 (pay, pension, etc. of Registrar).
Tessa Blackstone
Minister for the Arts,
Department for Culture, Media and Sport
17 th March 2003
Jim Fitzpatrick
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
20 th March 2003