Explanatory Note
(This note is not part of the Order)
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.