The London Government Reorganisation (Transfer of Loans) Order 1988
This Order transfers to the district councils and London borough councils listed in Schedule 1 to the Order the rights and liabilities of the London Residuary Body in respect of the loans made by the Public Works Loan Board which are listed in Schedule 2. The transfer will take effect on 1st April 1988. The Residuary Body’s liability to the Board in respect of these loans is apportioned among the councils.