The National Enterprise Board and the Scottish and Welsh Development Agencies

1 Functions of the Board and Agencies. C1

F11

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2

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3

In section 1 of the M2Welsh 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.