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The Crown Agents Act 1995 (Successor Company) Order 1997

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Explanatory Note

(This note is not part of the Order)

Section 1(1) of the Crown Agents Act 1995 provides that on such day as the Secretary of State may appoint (“the appointed day”), all property, rights and liabilities to which the Crown Agents for Oversea Governments and Administrations were entitled or subject immediately before that day shall become property, rights and liabilities of a company (“the successor company”) nominated for the purposes of the section by the Secretary of State.

Section 1(2) of the Act provides that the Secretary of State may, after consulting the Crown Agents, nominate for the purposes of section 1 of that Act any company formed and registered under the Companies Act 1985, but on the appointed day the company in question must be a company limited by shares and wholly owned by the Crown.

This Order nominates as the successor company The Crown Agents for Oversea Governments and Administrations Limited, a company limited by shares and wholly owned by the Crown. A separate order has been made appointing 21st March 1997 as the appointed day.

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