Explanatory note

This Order provides for the dissolution of the British Film Fund Agency pursuant to paragraph 8(1) of Schedule 1 to the Film Levy Finance Act 1981. The Order vests the property, rights and liabilities of the Agency in the Secretary of State for Trade and Industry. It also provides for the preparation of the final accounts of the Agency, of special liquidation accounts, and the application of surplus moneys of the Agency which are not required for the purposes of meeting its liabilities or the expenses of the winding up, for purposes connected with the British film industry.