Introductory text

GOVERNMENT TRADING FUNDS

Made 23rd July 2002

Coming into force 24th July 2002

Whereas:

(1)

The Queen Elizabeth II Conference Centre Trading Fund Order 1997^f1 established under the Government Trading Funds Act 1973^f2 a trading fund to be known as The Queen Elizabeth II Conference Centre Trading Fund (“the Fund”);

(2)

It appears to the First Secretary of State (“the Secretary of State”) that:

(a)

those operations of the Office of the Deputy Prime Minister^f3 which are referred to in Article 3(1) of this Order are suitable to be financed by means of the Fund and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question, and

(b)

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

(3)

The Secretary of State has, in accordance with section 2 of the 1973 Act and with the concurrence of the Treasury, determined that no Crown assets or liabilities are properly attributable to the operations in question in addition to those already appropriated to the Fund;

(4)

In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House;

Now, therefore, the Secretary of State in exercise of the powers conferred on him by section 1 and 6 of the 1973 Act, and of all other powers enabling him in that behalf, and with the concurrence of the Treasury, hereby makes the following Order:

Annotations

Footnotes

f1: 1997 No. 933; see also S.I. 1997/2971, Article 6(4) and S.I. 2001/2568, Article 10(5).
f2: 1973 c. 63: sections 1 and 2 were substituted, and section 6 was amended, by the Government Trading Funds Act 1990 (c. 30).
f3: The majority of the former responsibilities of the Department for Transport, Local Government and the Regions not connected with transport, including responsibility for The Queen Elizabeth II Conference Centre, have been assigned to the Office of the Deputy Prime Minister with effect from 29th May 2002: see http://www.pm.gov.uk/textonly/Page 5257.asp.