Introductory text

GOVERNMENT TRADING FUNDS

Made 6th March 1997

Laid before the House of Commons 10th March 1997

Coming into force 31st March 1997

Whereas:

(1)

a trading fund (“the fund”) was established under the Government Trading Funds Act 1973^f1 (“the 1973 Act”) by the Vehicle Inspectorate Trading Fund Order 1991^f2 (“the principal order”) with effect from 1st April 1991;

(2)

the Crown assets and liabilities described in general terms in Schedule 2 to the principal order were appropriated as assets and liabilities of the fund; and

(3)

the Secretary of State for Transport (“the Secretary of State”) has, with Treasury concurrence, determined that the additional Crown assets, described in the Schedule to the following Order, are properly attributable to the operations for which the fund was established and suitable to be appropriated to the fund;

Now, therefore, the Secretary of State, in exercise of the powers conferred by sections 1, 2(2), 2(7) and 2A(1) of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following Order:—

Annotations

Footnotes

f1: 1973 c. 63, as amended by the Government Trading Act 1990 (c. 30). The 1973 Act, as so amended, is set out in Schedule 1 to the 1990 Act. The 1973 Act was further amended by section 119 of the Finance Act 1991 (c. 31) and Schedule 22 to the Finance Act 1993 (c. 34).
f2: S.I. 1991/773, amended by S.I. 1992/471.