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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.
2. The 1993, 1995 and 1996 Orders shall be varied in accordance with the following Articles.
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.
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.
5. The Crown assets and liabilities set out in Schedule 1 to this Order shall remain as assets and liabilities of the Fund.
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.
7. The maximum amount that may be issued to the Fund by way of loan shall be £100,000,000.
8. The Crown assets and liabilities set out in Schedule 2 to this Order shall cease to be assets and liabilities 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