1 Functions of the Board and Agencies. U.K.
(1)In section 2(2) of the M1Industry Act 1975—
(a)in paragraph (b) the words “reorganisation or” and paragraphs (c) and (d) shall cease to have effect; and
(b)after paragraph (e) there shall be added—
“(f)promoting the private ownership of interest in industrial undertakings by the disposal of securities and other property held by the Board or any of their subsidiaries.”
[F1(2)In section 2 of the M2Scottish Development Agency Act 1975—
(a)in subsection (1), in paragraph (a), at the end there shall be added the words “, including in that connection the provision, maintenance or safeguarding of employment”;
(b)in subsection (2), after paragraph (i) there shall be added—
“(j)promoting the private ownership of interests in industrial undertakings by the disposal of securities and other property held by the Agency or of their subsidiaries.”; and
(c)subsection (1)(b), in subsection (2)(c) the word “reorganisation”, and subsection (2)(f) shall cease to have effect.]
(3)In section 1 of the M3Welsh Development Agency Act 1975—
(a)in subsection (2), in paragraph (a), at the end there shall be added the words “,and in that connection to provide, maintain or safeguard employment”;
(b)in subsection (3), after paragraph (i) there shall be added—
“(j)to promote the private ownership of interests in industrial undertakings by the disposal of securities and other property held by the Agency or any of their subsidiaries”;
(c)subsection (2)(c), in subsection (3)(d) the word “reorganisation”, and subsection (3)(e) shall cease to have effect; and
(d)in subsection (11) the words from “in connection” to “above” shall cease to have effect.
Textual Amendments
F1Ss. 1(2), 4(2) repealed (1.4.1991) by Enterprise and New Towns (Scotland) Act 1990 (c. 35, SIF 64), s. 38(2), Sch. 5 Pt. I
Modifications etc. (not altering text)
C1The text of ss. 1, 4, 5(1), 6, 8(2), 9, and Schedule 2 is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and, except as specified, does not reflect any amendments or repeals prior to 1.2.1991.
Marginal Citations