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The Defence Science and Technology Laboratory Trading Fund Order 2001

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Citation and commencement

1.  This Order may be cited as The Defence Science and Technology Laboratory Trading Fund Order 2001 and shall come into force on 1st July 2001.

Variation of Existing Orders

2.  The 1993, 1995 and 1996 Orders shall be varied in accordance with the following Articles.

Continuing operations

3.  The following operations shall from 1st July 2001 continue to be funded operations—

  • the Security Division, which comprises—

    • the Centre for Defence Analysis

    • the Chemical and Biological Defence Sector

    • the Chemical and Electronic Systems Sector

    • the Defence Research Information Centre

    • the Defence Radiological Protection Service

    • the Integrated Systems Sector.

Operations ceasing to be funded

4.  All other operations not included in Article 3 of this Order shall from 1st July 2001 cease to be funded operations. Those operations are—

  • the Business Services Division

  • the Defence Programmes Division

  • the Defence Diversification Agency

  • the Future Systems Technology Division

  • the Knowledge and Information Systems Division

  • the Sensors and Electronic Division

  • the Through Life Support Division.

Assets and liabilities of the fund

5.  The Crown assets and liabilities set out in Schedule 1 to this Order shall remain as assets and liabilities of the Fund.

Public dividend capital

6.  50 per cent of the amount by which the aggregate of the values of the assets set out in Schedule 1 to this Order exceed the aggregate of the amounts of the liabilities so set out, shall be treated as public dividend capital of the Fund.

Limitation of indebtedness

7.  The maximum amount that may be issued to the Fund by way of loan shall be £100,000,000.

Assets and Liabilities removed from the fund

8.  The Crown assets and liabilities set out in Schedule 2 to this Order shall cease to be assets and liabilities of the Fund.

Amended Name of the Fund

9.  The Fund, as amended by the terms of this Order, shall be known as the Defence Science and Technology Laboratory Trading Fund.

Geoffrey Hoon

Secretary of State for Defence

27th March 2001

We concur

Greg Pope

Jim Dowd

Two of the Lords Commissioners of Her Majesty’s Treasury

28th March 2001

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