Introductory text

GOVERNMENT TRADING FUNDS

Made 22nd January 1992

Laid before Parliament 31st January 1992

Coming into force 21st February 1992

Whereas:

1. (1)

   the Buying Agency Trading Fund was established under the GovernmentTrading Funds Act 1973^f1 ( “the 1973 Act”) by the Buying Agency Trading Fund Order 1991^f2 ( “the principal order”) with effect from 1st April 1991;

2. (2)

   the Crown assets and liabilities described in general terms inSchedule 2 to the principal order were appropriated as assets andliabilities of the fund at the values and amounts specified in thatSchedule; and

3. (3)

   a valuation of those assets and liabilities as at 1st April 1991which was carried out subsequently to that date necessitates thevariation of the values and amounts specified in Schedule 2 to theprincipal order: Now therefore, the Secretary of State, in exercise ofthe powers conferred on him by sections 1 and 6(1) of the 1973 Act andof all other powers enabling him in that behalf, with the concurrence ofthe Treasury, hereby makes the following Order:—