9Abolition of Eggs Authority
(1)On the appointed date the property, rights and liabilities of the Eggs Authority shall vest in the Ministers.
(2)The accounting period of the Authority in which the day preceding the appointed date falls shall end with that day (if it would not otherwise have done so) and as soon as the Ministers are satisfied that the requirements of section 20 of the [1970 c. 40.] Agriculture Act 1970 (reports and accounts) have been complied with in respect of that and previous accounting periods,
they shall by order abolish the Authority; and any liabilities incurred by the Authority after the appointed date in complying with that section or otherwise shall become liabilities of the Ministers.
(3)Until an order is made under subsection (2) above abolishing the Authority they shall exercise their functions solely in accordance with directions given to them by the Ministers with a view to bringing the activities of the Authority to an end.
(4)If after the abolition of the Authority it appears to the Ministers that any property vested in them by virtue of this section is not required for the purpose of satisfying the liabilities vested in them by virtue of this section, the Ministers may dispose of that property for the benefit of persons engaged by way of business in the production, marketing or processing of eggs in such manner as the Ministers think appropriate.
(5)In this section " appointed date " means such date as the Ministers may by order specify for the purposes of subsection (1) above and any expressions used in this section which are defined in section 1 of the [1970 c. 40.] Agriculture Act 1970 shall be construed in accordance with that section.
(6)The power to make an order under this section shall be exercisable by statutory instrument.