Sch 1 para 6
(1) In section 14(1) and (2) and section 15(3) of the 1975 Act (finances of Corporation and publicly-owned companies), for the words “the publicly-owned companies” there shall be substituted the words “ their subsidiaries ”. (2) In section 16(1), (2) and (4) of the 1975 Act (borrowing powers), for the words “ publicly-owned company ”, wherever those words occur, there shall be substituted the words “subsidiary of theirs ”,