Statutory Instruments
2007 No. 1828
HIGHWAYS, ENGLAND
The Humber Bridge (Debts) Order 2007
Made
25th June 2007
Laid before Parliament
26th June 2007
Coming into force
18th July 2007
The Secretary of State for Transport, in exercise of the powers conferred by section 1(1) of the Humber Bridge (Debts) Act 1996( 1 ), and with the consent of the Treasury, makes the following Order:
Citation and commencement
1. This Order may be cited as the Humber Bridge (Debts) Order 2007 and shall come into force on 18th July 2007.
Waiver of Debts
2. —(1) The sums specified in paragraph (2) below which would but for the provisions of this Order otherwise be payable to the Secretary of State for Transport shall cease to be payable.
(2) The sums referred to in paragraph (1) are the amounts of interest due to the Secretary of State under the terms of agreements dated 29th March 1972, 1st July 1998 and 19th June 2007 made between him and the Humber Bridge Board pursuant to section 5(3) of the Humber Bridge Act 1971( 2 ), as more particularly described in the Schedule.
Signed by the authority of the Secretary of State for Transport
S.J. Ladyman
Minister of State
Department for Transport
21st June 2007
We consent
K.. Brennan
Frank Roy
Two of the Lords Commissioners of Her Majesty’s Treasury
25th June 2007
Article 2(2)
SCHEDULE
Interest accruing from 1st April 2006 until 31 March 2011 on all sums owed to the Secretary of State on which interest is still payable after the releases set out in paragraph (3) of the Schedule to the Humber Bridge (Debts) Order 1998( 3 ) to the extent that such interest exceeds the values set out in column (2) of an item in the table below for the period beginning 1st April in the year specified in column (3) of that item and ending on 31st March in the year following.
(1) Item | (2) Interest | (3) Year |
|---|---|---|
| 1 | 7.27 per centum | 2006 |
| 2 | 6.76 per centum | 2007 |
| 3 | 6.29 per centum | 2008 |
| 4 | 5.87 per centum | 2009 |
| 5 | 5.49 per centum | 2010 |