Introductory text

GOVERNMENT TRADING FUNDS

Laid before the House of Commons in draft

Made 27th March 1991

Coming into force 1st April 1991

Whereas:

(1)

It appears to the Chancellor of the Exchequer (“the Chancellor”) that the operations of the Central Office of Information referredto in Article 3 of this Order are suitable to be financed by means of atrading fund, and that the financing of those operations by means of atrading fund would be in the interests of the improved effectiveness ofthe management of those operations:

(2)

The Chancellor has, in accordance with section 2(1) of theGovernment Trading Funds Act 1973 determined—

(a)

with Treasury concurrence that the assets and liabilities set outin Schedule 2 are properly attributable to those operations and aresuitable to be appropriated to the fund to be established by thefollowing Order, and

(b)

in accordance with Treasury directions the values and amounts soset out:

The Chancellor of the Exchequer, in exercise of the powers conferredon him by sections 1(1), 1(4), 2(1), 2(7), 2A(1), and 2B(6) of theGovernment Trading Funds Act 1973^f1 and of all other powers enabling him in that behalf,with the concurrence of the Treasury, hereby makes the following Order,a draft of which has been laid before the House of Commons and has beenapproved by a resolution of that House in accordance with section 6(2)of that Act:—

Annotations

Footnotes

f1: 1973 c. 63; sections 1, 2, 2A and 2B were substituted bythe Government Trading Act 1990 (c. 30). The 1973 Act as amended is setout in Schedule 1 to the 1990 Act.