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The Transfer of Functions (Government Shareholding in British Airways Plc) Order 1988
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3.—(1) The functions which by virtue of this Order are exercisable by the Treasury in respect of the acquisition, holding or disposal of shares or securities may be exercised through a nominee who shall hold and deal with them on such terms and in such manner as the Treasury may direct.
(2) In section 7 of the said Act of 1980 “Government shareholding” shall include shares for the time being held by, or by a nominee of, the Treasury.
(3) The enactments and instrument mentioned in the Schedule to this Order shall be amended in accordance with that Schedule.
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