Explanatory note

The Buying Agency Trading Fund was established by the Buying AgencyTrading Fund Order 1991 (the “principal order”) under the Government Trading Fund Act 1973 with effect from 1stApril 1991. At the time of establishment a final valuation (as at April1st 1991) of the assets and the liabilities appropriated to the fund bythe Order had not been carried out. As a consequence of such a valuationarticle 2 of this Order varies the principal order by substitutingcorrect values for the assets and correct amounts for the liabilities soappropriated in place of the values and amounts specified in Schedule 2to the principal order.