Explanatory note

This Order provides for the setting up as from 1st October 1991 of a fund with public money under the Government Trading Funds Act 1973 for the operations of Companies House as described in Schedule 1 to the Order. It designates the Secretary of State for Trade and Industry as the authorised lender to the fund and imposes a limit of £40,000,000 on the amount which may be lent to the fund. It provides for the assets and liabilities set out in Schedule 2 to the Order to be appropriated to the fund and for £18,454,000 to be treated as public dividend capital.