Introductory text

GOVERNMENT TRADING FUNDS

Made 29th June 1995

Coming into force 1st July 1995

Whereas:

(1)

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

(2)

It appears to the Secretary of State that:—

(a)

the operations of the Fuel Branch of the Department of the Environment are suitable to be financed as part of the Buying Agency Trading Fund (“the Fund”),

(b)

it would be in the interests of the improved efficiency and effectiveness of the management of those operations to finance them by means of the Fund; and

(c)

the operations of the Fund should be extended to those operations;

(3)

The Secretary of State has in accordance with section 2(1) of the 1973 Act and with the concurrence of the Treasury determined what Crown assets and liabilities are properly attributable to those additional operations and are suitable to be appropriated to the Fund; and

(4)

In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House;

Now therefore, the Secretary of State, in exercise of the powers conferred on him by sections 1, 2(1), 2A and 6(1) of the 1973 Act and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following Order:—

Annotations

Footnotes

f1: 1973 c. 63; the 1973 Act was amended by the Government Trading Act 1990 (c. 30) and the 1973 Act as so amended is set out in Schedule 1 to the 1990 Act; section 2 was further amended by section 119 of the Finance Act 1991 (c. 31) and by section 210 of, and Schedule 22 to, the Finance Act 1993 (c. 34).
f2: S.I. 1991/875 as amended by S.I. 1992/123.