Section 15 Repeal.

The Secretary of State may, with the Treasury’s consent, by order repeal section 1(3)(a) of the M1Government Trading Funds Act 1973 (trading fund to finance Royal Ordnance Factories).

The power to make an order under this section shall be exercisable by statutory instrument, and no such order shall be made unless a draft of the order has been laid before and approved by resolution of the House of Commons.

An order under this section may contain such supplementary, incidental, consequential or transitional provisions as may appear to the Secretary of State to be necessary or expedient after consulting the Treasury.