Introductory text

Northern Ireland

GOVERNMENT TRADING FUNDS

Made 8th February 1996

Coming into operation 1st April 1996

WHEREAS it appears to the Department of the Environment (“the Department”) that—

(a)

those operations of the Department which are referred to in Article 3 are suitable to be financed by means of a trading fund, and

(b)

the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations;

AND WHEREAS the Department has taken such steps as appear to it to be appropriate to give such persons as appear to it to be appropriate an opportunity to make representations to it in accordance with Article 3(2) of the Financial Provisions (Northern Ireland) Order 1993^f1 (“the Order”);

AND WHEREAS the Department has, in accordance with Article 4(1) of the Order, and in accordance with Article 11(b) of the Order with the concurrence of the Department of Finance and Personnel, determined that the assets and liabilities set out in Schedule 2 are properly attributable to those operations and are suitable to be appropriated to the fund to be established by the following Order;

AND WHEREAS the Department has, in accordance with Article 4(3) of the Order, and in accordance with directions given by the Department of Finance and Personnel, determined the values and amounts of such assets and liabilities;

NOW THEREFORE the Department of the Environment, in exercise of the powers conferred on it by Articles 3(1) and (3), 4(1) and (8), 5(1) and 6(5) of the Order and of every other power enabling it in that behalf, and in accordance with Article 11(a) of the Order with the concurrence of the Department of Finance and Personnel, hereby makes the following Order:

Annotations

Footnotes

f1: S.I. 1993/1252 (N.I. 5)