8(1)The Inspectorate may do anything which appears to it to be necessary or expedient for the purpose of or in connection with the exercise of its functions.E+W
(2)In particular it may—
(a)acquire and dispose of land and other property;
(b)enter into contracts;
(c)invest sums not immediately needed for the purpose of exercising its other functions;
(d)accept gifts of money, land and other property.
(3)But the Inspectorate has no power—
(a)to borrow money;
(b)to lend money without the consent of the Secretary of State;
(c)to hold shares in a company, or otherwise become a member of a company, without his consent.