The United Kingdom Atomic Energy Authority (Extinguishment of Liabilities) Order 1996

Statutory Instruments

1996 No. 2511

ATOMIC ENERGY AND RADIOACTIVE SUBSTANCES

The United Kingdom Atomic Energy Authority (Extinguishment of Liabilities) Order 1996

Made

2nd October 1996

Laid before Parliament

3rd October 1996

Coming into force

4th October 1996

Whereas:

(a)

a transfer scheme (“the Transfer Scheme”), made by the Authority on 7th March 1996 pursuant to section 1(1) of the Atomic Energy Authority Act 1995 (“the Act”)(1) and modified by the Secretary of State by an instrument of modification dated 28th March 1996, came into force on 31st March 1996;

(b)

AEA Technology plc, being on 31st March 1996 a company wholly owned by the Crown, is by virtue of the Transfer Scheme a successor company within the meaning of the Act;

(c)

the Secretary of State has disposed of the ordinary shares held by him in AEA Technology plc; and

(d)

the aggregate amount of the liabilities extinguished by this Order does not exceed the aggregate of the sums mentioned in section 10(2)(a) and (b) of the Act; Now therefore, the Secretary of State, in exercise of the powers conferred by section 10(1) of the Act, and with the consent of the Treasury, hereby makes the following Order:—

(1)

1995 c. 37.