
1 
This Order may be cited as the Water Reorganisation (Nominated Holding Companies) (Extinguishment of Loans) Order 1989 and shall come into force on 15th November 1989.
2 

(1) Any liability of each nominated holding company (being a company wholly owned by the Crown) in respect of the principal of any transferred loan is hereby extinguished.
(2) Any liability of each successor company (being a company wholly owned by the Crown) under debentures issued in respect of any transferred loan in consequence of a direction under section 85(2) of the Water Act 1989 is hereby extinguished.
(3) In this article “transferred loan” means a loan the liability to repay the principal of which was transferred to a nominated holding company by the Water Reorganisation (Successor Companies) (Transfer of Loans) Order 1989«2.
3 
The Water Reorganisation (Successor Companies) (Transfer of Loans) Order 1989 is hereby revoked.
Peter Walker
Secretary of State for Wales
30th October 1989Chris Patten
Secretary of State for the Environment
31st October 1989We consent,
Stephen Dorrell
David Lightbown
Two of the Lords Commissioners of Her Majesty’s Treasury
1st November 1989