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Industry Act 1980

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This is the original version (as it was originally enacted).

1Functions of the Board and Agencies

(1)In section 2(2) of the [1975 c. 68.] Industry 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 interests in industrial undertakings by the disposal of securities and other property held by the Board or any of their subsidiaries.”

(2)In section 2 of the [1975 c. 69.] Scottish 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 any of their subsidiaries.”; and

(c)subsection (1)(b), in subsection (2)(c) the word " re organisation ", and subsection (2)(f) shall cease to have effect.

(3)In section 1 of the [1975 c. 70.] Welsh 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.

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