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The Vehicle Inspectorate Trading Fund (Appropriation of Additional Assets) Order 1997
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- 1997 No. 668
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
The Vehicle Inspectorate Trading Fund was established by the Vehicle Inspectorate Trading Fund Order 1991 with effect from 1st April 1991.
This Order provides for additional assets (estimated at £2,461, 000) to be appropriated to the fund.
The Order also provides for 50% of the value of the additional assets (there are no additional liabilities) to be treated as public dividend capital of the fund. The balance of their value will, in accordance with section 2(4) of the Government Trading Funds Act 1973, be added to the original debt of the fund and treated as having been issued to the fund under section 2B of that Act.
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