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The Buying Agency Trading Fund Order 1991
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- UK Statutory Instruments
- 1991 No. 875
- Explanatory Note
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Explanatory Note
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This Order provides for setting up a trading fund established withpublic money to finance the operations of the Buying Agency. Itdesignates the Secretary of State as the authorised lender to the fund,imposes a limit of £10 million on the sums that may be issuedto the fund by way of loan, and provides that part of the capital of thetrading fund amounting to £100,000 is to be public dividendcapital. Schedule 1 describes the operations in question, and Schedule 2the assets and liabilities that are appropriated to the fund togetherwith their values and amounts.
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