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The Vehicle Inspectorate Trading Fund Order 1991
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Statutory Instruments
1991 No. 773
GOVERNMENT TRADING FUNDS
The Vehicle Inspectorate Trading Fund Order 1991
Made
19th March 1991
Laid before the House of Commons in draft
18th February 1991
Coming into force
1st April 1991
Whereas:
1.—(1) lt appears to the Secretary of State for Transport (“the Secretary of State”) that—
(a)those operations of the Department of Transport which are referred to in article 3 of this Order are suitable to he financed by means of a trading fund, and
(b)the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations:
(2) The Secretary of State has taken such steps as appear to him to be appropriate to give to such persons as appear to him to be appropriate an opportunity to make representations to him and has laid before Parliament a report about the representations received and his conclusions in accordance with sections 1(3) and 6(4) of the Government Trading Funds Act 1973(1) (“the Act”):
(3) The Secretary of State has, in accordance with section 2(1) of the Act, determined—
(a)with Treasury concurrence that the assets and liabilities set out in Schedule 2 are properly attributable to those operations and are suitable to be appropriated to the fund to be established by the following Order, and
(b)in accordance with Treasury directions the values and amounts so set out:
The Secretary of State for Transport, in exercise of the powers conferred upon him by sections 1, 2(1) and (7), 2A and 2B(6) of the Government Trading Funds Act 1973 and all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following Order, a draft of which has been laid before the House of Commons and has been approved by a resolution of that House in accordance with section 6(2) of that Act:—
(1)
1973 c. 63, as amended by the Government Trading Act 1990 (c. 30). The 1973 Act as amended is set out in Schedule 1 to the 1990 Act.
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