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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order, as required by section 6 of the British Steel Act 1988, sets the target investment limit for the Government shareholding in British Steel plc at 0·0472 per cent. of the voting rights exercisable in all circumstances at general meetings of the company, being the proportion of those rights carried by shares which, at the date this Order is made, are held by the Treasury and their nominees and the Secretary of State and his nominees.

British Steel plc ceased to be wholly owned by the Crown on 5th December 1988.