# The Chessington Computer Centre Trading Fund Order 1993, Introduction: Introductory text


GOVERNMENT TRADING FUNDS
Approved by The House of CommonsMade 30th March 1993
Coming into force 1st April 1993
Whereas:
(1) It appears to the Chancellor of the Duchy of Lancaster that—
(a) those operations of the Office of Public Service and Science known as the Chessington Computer Centre are suitable to be financed by means of a fund established under the Government Trading Funds Act 1973 (“the 1973 Act”) and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question, and
(b) the financing of the operations in question by means of such a fund would be in the interest of the improved efficiency and effectivness of the management of those operations;
(2) In accordance with section 2 of the 1973 Act, the Chancellor of the Duchy of Lancaster has determined with the concurrence of the Treasury that the assets and liabilities set out in Schedule 2 to this Order are properly attributable to the operations for which a fund is to be established and are suitable to be appropriated to that fund;
(3) 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 Chancellor of the Duchy of Lancaster, in exercise of the powers conferred upon him by sections 1, 2, 2A and 2B(6) of the 1973 Act, and all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following Order:

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Source: https://www.legislation.gov.uk/uksi/1993/948/introduction (the official version)
Page: https://openlegislation.uk/chessington-computer-centre-trading-fund-order-1993/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.