Paragraph 35 I1

In section 48, after subsection (2) there shall be inserted—

“(2A)

The Treasury may exercise the powers conferred on the Secretary of State by virtue of subsections (1) and (2) above; and sections 451A(2) and 452(1) of the Companies Act 1985 shall apply in relation to the Treasury as they apply in relation to the Secretary of State.”.