The Water Reorganisation (Nominated Holding Companies) (Extinguishment of Loans) Order 1989
On 1st September 1989 certain financial liabilities of the companies which succeeded the water authorities were transferred, by virtue of the Water Reorganisation (Successor Companies) (Transfer of Loans) Order 1989 (S.I. 1989/1532), to those companies' nominated holding companies. This Order extinguishes those transferred liabilities on 15th November 1989. It also extinguishes on that date all liabilities of the successor companies under debentures issued in respect of the transferred liabilities. The Order also revokes S.I. 1989/1532.