Explanatory note

This Order provides for the setting up as from 1st April 1992 of a fund with public money under the Government Trading Funds Act 1973 for the operations of the Fire Service College under section 23 of the Fire Services Act 1947. The Order designates the Secretary of State for the Home Department as the authorised lender to the fund and imposes a limit of £15,000,000 on the amount which may be lent to it. It provides for the assets (estimated at £31,383,000) and liabilities set out in the Schedule to the Order to be appropriated to the fund and for 53·3% of the amount by which the values of the assets exceed the amounts of the liabilities to be treated as public dividend capital.