Explanatory note

Section 12(1) of the Statutory Water Companies Act 1991 provides forthe replacement of provisions relating to the constitution andregulation of a statutory water company contained in its local Acts andOrders by provisions contained in a memorandum and articles which havebeen approved by special resolution of the members of the company. Thereplacement provisions have effect only if they are approved by theSecretary of State and come into force on such date as he determines.

This Order approves a proposal by Rickmansworth Water Plc that amemorandum and articles of association should have effect insubstitution for provisions contained in the Company’s local Acts andOrders (article 2). It also provides that the date on which thoseprovisions cease to have effect is 21st February 1992 (article 3) andfor the repeal of the superseded provisions and for consequentialrepeals (article 4).

The Company has already converted to the status of a registeredcompany under the Companies Act 1985, and this Order is associated withthe conversion.