Central Office of Information Trading Fund Order 1991 Laid before the House of Commons in draft
| Jurisdiction | UK Non-devolved |
| Citation | SI 1991/857 |
1991 No. 857
GOVERNMENT TRADING FUNDS
The Central Office of Information Trading Fund Order 1991
Made 27th March 1991
Coming into force 1st April 1991
Whereas:
It appears to the Chancellor of the Exchequer (“the Chancellor”) that the operations of the Central Office of Information referredto in Article 3 of this Order are suitable to be financed by means of atrading fund, and that the financing of those operations by means of atrading fund would be in the interests of the improved effectiveness ofthe management of those operations:
The Chancellor has, in accordance with section 2(1) of theGovernment Trading Funds Act 1973 determined—
(a) with Treasury concurrence that the assets and liabilities set outin Schedule 2 are properly attributable to those operations and aresuitable to be appropriated to the fund to be established by thefollowing Order, and
(b) in accordance with Treasury directions the values and amounts soset out:
The Chancellor of the Exchequer, in exercise of the powers conferredon him by sections 1(1), 1(4), 2(1), 2(7), 2A(1), and 2B(6) of theGovernment Trading Funds Act 19731and of all other powers enabling him in that behalf,with the concurrence of the Treasury, hereby makes the following Order,a draft of which has been laid before the House of Commons and has beenapproved by a resolution of that House in accordance with section 6(2)of that Act:—
Citation and commencement
1. This Order may be cited as the Central Office of Information TradingFund Order 1991, and shall come into force on 1st April 1991.
Interpretation
2. In this Order—
“the Act” means the Government Trading Funds Act 1973; and
“the fund” means the trading fund established by this Order.
Establishment of the fund
3. As from 1st April 1991 for the operations of the department of thegovernment known as the Central Office of Information which aredescribed in Schedule 1 to this Order there shall be established atrading fund to be known as the COI Trading Fund.
Designation of the authorised lender
4. The National Loans Fund is hereby designated as the authorisedlender to the fund for the purposes of the Act.
Maximum amount to be issued to the fund by way of loan
5. The maximum amount that may be issued to the fund under section 2Bof the Act shall be £100 million.
Appropriation of assets and liabilities
6. The...
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