Introductory text

ATOMIC ENERGY AND RADIOACTIVE SUBSTANCES

Made 2nd October 1996

Laid before Parliament 3rd October 1996

Coming into force 4th October 1996

Whereas:

1. (a)

   a transfer scheme (“the Transfer Scheme”), made by the Authority on 7th March 1996 pursuant to section 1(1) of the Atomic Energy Authority Act 1995 (“the Act”)^f1 and modified by the Secretary of State by an instrument of modification dated 28th March 1996, came into force on 31st March 1996;

2. (b)

   AEA Technology plc, being on 31st March 1996 a company wholly owned by the Crown, is by virtue of the Transfer Scheme a successor company within the meaning of the Act;

3. (c)

   the Secretary of State has disposed of the ordinary shares held by him in AEA Technology plc; and

4. (d)

   the aggregate amount of the liabilities extinguished by this Order does not exceed the aggregate of the sums mentioned in section 10(2)(a) and (b) of the Act; Now therefore, the Secretary of State, in exercise of the powers conferred by section 10(1) of the Act, and with the consent of the Treasury, hereby makes the following Order:—