The Companies House Trading Fund Order 1991

Citation and commencement

1.  This Order may be cited as the Companies House Trading Fund Order 1991 and shall come into force on 1st October 1991.

Interpretation

2.  In this Order:–

“the Act of 1973” means the Government Trading Funds Act 1973 as amended by the Government Trading Act 1990 and the Finance Act 1991;

“Companies House” means that part of the Department of Trade and Industry known as the Companies House Executive Agency;

“the fund” means the fund established by article 3 of this Order;

“the funded operations” means the operations of Companies House as described in Schedule 1 to this Order; and

“the registrar of companies” has the same meaning as in the Companies Act 1985(1).

Establishment of the fund

3.  There shall be established as from 1st October 1991 a fund for the funded operations.

Source of loans

4.  The Secretary of State is designated as the source of issues to the fund by way of loan.

Assets, liabilities and public dividend capital

5.  –

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund.

(2) The sum of £18,454,000 shall be treated as public dividend capital.

Limitation of indebtedness

6.  The maximum amount that may be issued to the fund by way of loan under section 2B of the Act of 1973 shall be £40,000,000.

Peter Lilley

Secretary of State for Trade and Industry

30th July 1991

We concur

Tom Sackville

Irvine Patnick

Two of the Lords Commissioners of Her Majesty’s Treasury

31st July 1991