(1)Amend section 1 of the Northern Ireland (Loans) Act 1975 (c. 83) as follows.
(2)In subsection (2) (limit on loans to the Consolidated Fund of Northern Ireland), for “£2,000 million” substitute “ £3,000 million ”.
(3)In subsection (5) (power to increase the limit by order)—
(a)omit “, on not more than one occasion,”,
(b)for “the limit in subsection (2)” substitute “ the limit for the time being specified in subsection (2) ”, and
(c)for “£300 million” substitute “ £500 million ”.