Introductory text

GOVERNMENT TRADING FUNDS

Made 11th March 1996

Laid before Parliament 11th March 1996

Coming into force 1st April 1996

Whereas:

(1)

The Land Registry Trading Fund (“the Fund”) was established under the Government Trading Funds Act 1973^f1 (“the 1973 Act”) by the Land Registry Trading Fund Order 1993^f2 (“the 1993 Order”) with effect from 1st April 1993;

(2)

Under article 5(1) of the 1993 Order, the assets and liabilities set out in Schedule 2 to the 1993 Order were appropriated as assets and liabilities of the Fund;

(3)

The Lord Chancellor with Treasury concurrence has determined that the additional Crown assets referred to in article 2 of this Order are properly attributable to the funded operations which are financed by means of the Fund and are suitable to be appropriated to the Fund;

Now therefore, the Lord Chancellor, in exercise of the powers conferred on him by sections 1, 2(2) and (7), 2A(1) and 6(1) of the 1973 Act and of all other powers enabling him in that behalf, with Treasury concurrence, hereby makes the following Order:

Annotations

Footnotes

f1: 1973 c. 63; the 1973 Act was amended by the Government Trading Act 1990 (c. 30) and the 1973 Act as so amended is set out in Schedule 1 to the 1990 Act; section 2 was further amended by section 119 of the Finance Act 1991 (c. 31) and by section 210 of, and Schedule 22 to, the Finance Act 1993 (c. 34).
f2: S.I. 1993/938.