Buying Agency Trading Funds (Extension) Order 1995
| Jurisdiction | UK Non-devolved |
| Citation | SI 1995/1665 |
1995 No. 1665
GOVERNMENT TRADING FUNDS
The Buying Agency Trading Funds (Extension) Order 1995
Made 29th June 1995
Coming into force 1st July 1995
Whereas:
The Buying Agency Trading Fund was established under the Government Trading Funds Act 19731(“the 1973 Act”) by the Buying Agency Trading Fund Order 19912(“the 1991 Order”) with effect from 1st April;
It appears to the Secretary of State that:—
(a) the operations of the Fuel Branch of the Department of the Environment are suitable to be financed as part of the Buying Agency Trading Fund (“the Fund”),
(b) it would be in the interests of the improved efficiency and effectiveness of the management of those operations to finance them by means of the Fund; and
(c) the operations of the Fund should be extended to those operations;
The Secretary of State has in accordance with section 2(1) of the 1973 Act and with the concurrence of the Treasury determined what Crown assets and liabilities are properly attributable to those additional operations and are suitable to be appropriated to the Fund; and
In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House;
Now therefore, the Secretary of State, in exercise of the powers conferred on him by sections 1, 2(1), 2A and 6(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:—
Citation and Commencement
1. This Order may be cited as the Buying Agency Trading Fund (Extension) Order 1995, and shall cone into force on 1st July 1995.
Extension of the Fund
2. As from 1st July 1995
(a) the operations of the department of the government known as the Fuel Branch of the Department of the Environment shall be financed by means of the Fund; and
(b) paragraph (a) of Schedule 1 of the 1991 Order shall have effect as if for the reference to “products and services” there were substituted a reference to “products, fuel, energy and services”.
Appropriation of assets and liabilities to the fund
3. Crown assets consisting of machinery, equipment and debtors and Crown liabilities consisting of creditors, being assets and liabilities properly attributable to the Fuel Branch of the Department of the Environment shall be appropriated as assets and...
To continue reading
Request your trial