Welsh Development Agency Act 1975

1. Introductory Text

2. 1. The Welsh Development Agency

3. 2. Constitution and status

4. 3. Overseas Aid

5. 4. Ancillary powers

6. 5. Assistance to Agency from public authorities and other persons

7. 6. Power to form committees

8. 7. Dissolution of Welsh Industrial Estates Corporation

9. 8. Transfer to Agency of land held under Local Employment Act 1972

10. 9. Provision of sites and premises for industry

11. 10. Services etc. for development of industry

12. 11. Application of Landlord and Tenant Act 1954 to Agency premises

13. 12. Selective financial assistance

14. 13. Welsh Industrial Development Advisory Board

15. 14. Transfer of publicly-owned property to Agency

16. 15. The environment

17. 16. Derelict land

18. 17. Financial duties of the Agency

19. 18. Finances of the Agency

20. 19. The Agency and the media

21. 20. Other limits on Agency's powers

22. 21. Expenses

23. 22. Acquisition, disposal and appropriation of land

24. 23. Powers of entry

25. 24. Power to obtain information

26. 25. Service of documents

27. 26. Crown land

28. 27. Interpretation

29. 28. Orders

30. 29. Citation etc.

31. SCHEDULES

    1. SCHEDULE 1

       The Welsh Development Agency

       1. Appointment and tenure of members of the Agency and of committees

          1. 1. It shall be the duty of the Secretary of State—...

          2. 2. Subject to the following provisions of this Schedule, a person...

          3. 3. A person may at any time resign his office as...

          4. 4. Where a member becomes or ceases to be the chairman...

          5. 5. If the chairman or deputy chairman ceases to be a...

          6. 6. (1) If the Secretary of State is satisfied that a...

          7. 7. A person who ceases to be a member, or ceases...

       2. Staff

          1. 8. Subject to section 2(4) and (5) above, the staff of...

       3. Remuneration etc.

          1. 9. The Agency shall pay to each of their members and...

          2. 10. The Agency shall make such provision as may be determined...

          3. 11. Where a person ceases to be a member of the...

          4. 12. (1) The Agency may, in the case of such of...

       4. Disqualification of members of the Agency for House of Commons

          1. 13. In Part II of Schedule 1 to the House of...

       5. Proceedings

          1. 14. Subject to paragraph 15 below and to any direction under...

          2. 15. (1) A member of the Agency or of any such...

          3. 16. The validity of any proceedings of the Agency or a...

       6. Incorporation of Agency and execution of instruments and contracts

          1. 17. The Agency shall be a body corporate.

          2. 18. The fixing of the common seal shall be authenticated by...

          3. 19. A document purporting to be duly executed under the seal...

       7. Stamp duty

          1. 20. (1) Stamp duty shall not be chargeable on any instrument...

       8. Circulars

          1. 21. Section 14(1) of the Prevention of Fraud (Investments) Act 1958...

       9. Acquisition of holdings of minority shareholders

          1. 22. Section 209 of the Companies Act 1948 (power to acquire...

    2. SCHEDULE 2

       Members and staff of the Welsh Industrial Estates Corporation

       1. Transfer of Staff

          1. 1. In the case of any person to be employed by...

       2. Compensation for members or staff of the Corporation

          1. 2. The Secretary of State may, out of money provided by...

          2. 3. The Secretary of State shall by regulations require the Agency...

          3. 4. Different regulations may be made under paragraph 3 above in...

          4. 5. Regulations under paragraph 3 above— (a) may prescribe the procedure...

          5. 6. The power to make regulations conferred by paragraph 3 above...

       3. Continuity of employment

          1. 7. For the purposes of— (a) the Redundancy Payments Act 1965...

       4. Consequential repeals

          1. 8. In section 10(1) of the Local Employment Act 1972 the...

    3. SCHEDULE 3

       Financial and administrative provisions relating to Agency

       1. Financing of the Agency by Government

          1. 1. (1) In respect of the exercise of the functions of...

          2. 2. The Secretary of State may, out of money provided by...

       2. Borrowing Powers

          1. 3. (1) The Agency may borrow money only—

       3. Government loans to the Agency

          1. 4. (1) The Secretary of State may, with the approval of...

       4. Borrowing by wholly owned subsidiaries

          1. 5. It shall be the duty of the Agency to secure...

       5. Guarantees

          1. 6. (1) The Treasury may guarantee, in such manner and on...

       6. The Agency's Capital Debt

          1. 7. (1) Upon any acquisition to which this paragraph applies, the...

       7. Accounts of the Agency, etc.

          1. 8. (1) The Agency shall keep proper accounts and proper records...

       8. Annual report

          1. 9. (1) it shall be the duty of the Agency to...