Paragraph 3 I1

(1)

The Treasury or a Minister of the Crown may use money provided by Parliament for the acquisition of—

(a)

securities of the transferee company; or

(b)

rights to subscribe for such securities.

(2)

The consent of the Treasury is required for—

(a)

an acquisition by a Minister of the Crown under sub-paragraph (1); or

(b)

a disposal by a Minister of the Crown of securities or rights acquired by virtue of this paragraph.

Annotations

I1: Sch. 6 para. 3 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1