The Central Office of Information Trading Fund Order 1991

• Citation: S.I. 1991/857
• Sections: 7

Section 1 Citation and commencement

This Order may be cited as the Central Office of Information TradingFund Order 1991, and shall come into force on 1st April 1991.

Section 2 Interpretation

In this Order—

“ the Act ” means the Government Trading Funds Act 1973; and

“the fund” means the trading fund established by this Order.

Section 3 Establishment of the fund

As from 1st April 1991 for the operations of the department of thegovernment known as the Central Office of Information which aredescribed in Schedule 1 to this Order there shall be established atrading fund to be known as the COI Trading Fund.

Section 4 Designation of the authorised lender

The National Loans Fund is hereby designated as the authorisedlender to the fund for the purposes of the Act.

Section 5 Maximum amount to be issued to the fund by way of loan

The maximum amount that may be issued to the fund under section 2Bof the Act shall be £100 million.

Section 6 Appropriation of assets and liabilities

The Crown assets and liabilities as at 1st April 1991 described ingeneral terms in Schedule 2 to this Order shall be appropriated asassets and liabilities of the fund at the values and amounts thereinspecified.

Section 7 Public dividend capital

Such part of the capital of the fund as amounts to£265,000 shall be treated as public dividend capital.