The Buying Agency Trading Funds (Extension) Order 1995

• Citation: S.I. 1995/1665
• Sections: 4

Section 1 Citation and Commencement

This Order may be cited as the Buying Agency Trading Fund (Extension) Order 1995, and shall cone into force on 1st July 1995.

Section 2 Extension of the Fund

As from 1st July 1995

(a) the operations of the department of the government known as the Fuel Branch of the Department of the Environment shall be financed by means of the Fund; and

(b) paragraph (a) of Schedule 1 of the 1991 Order shall have effect as if for the reference to “products and services” there were substituted a reference to “products, fuel, energy and services”.

Section 3 Appropriation of assets and liabilities to the fund

Crown assets consisting of machinery, equipment and debtors and Crown liabilities consisting of creditors, being assets and liabilities properly attributable to the Fuel Branch of the Department of the Environment shall be appropriated as assets and liabilities of the Fund.

Section 4 Public Dividend Capital

£250,000, being part of the amount by which the value of the additional assets mentioned in Article 3 exceeds the amounts of the additional liabilities mentioned in that Article, shall be treated as public dividend capital of the Fund.