Introductory text

GOVERNMENT TRADING FUNDS

Made 4th March 1992

Laid before Parliament 10th March 1992

Coming into force 1st April 1992

Whereas:

(1)

a trading fund was established under the Government Trading Funds Act 1973^f1 by the Vehicle Inspectorate Trading Fund Order 1991^f2(“the principal order”) with effect from the 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 at the values and amounts specified in that Schedule;

(3)

a valuation of those assets and liabilities as at the 1st April 1991 which was carried out subsequently to that date necessitates the variation of the values and amounts specified in Schedule 2 to the principal order:

NOW THEREFORE the Secretary of State for Transport, in exercise of the powers conferred on him by section 1, 2(7) and 6(1) of the Government Trading Fund Act 1973 and all other enabling powers, with the concurrence of the Treasury, hereby makes the following Order:—

Annotations

Footnotes

f1: 1973 c. 63. The 1973 Act was amended by the Government Trading Act 1990 (c. 30) and the 1973 Act as so amended is set out in Schedule 1 to the 1990 Act. Section 2 was further amended by section 119 of the Finance Act 1991 (c. 31).
f2: S.I. 1991/773.