Article 2 Variation of the Principal Order

Article 5 of the Driver and Vehicle Licensing Agency Trading Fund Order 2004^f1 is varied as follows.

In paragraph (2), for “£4,775,000” substitute “£2,523,425”.

In paragraph (3), for “£20,748,000” substitute “£37,080,279”.

After paragraph (3) insert—

“(3A)

The sum of £7,573,428, being part of the amount by which the values of those assets exceeds the amount of those liabilities shall be treated as general reserve in the accounts of the fund, and the reserve so created shall be maintained as a general reserve.”

In paragraph (4), for “£18,002,000” substitute “£19,047,643”.