The Royal Mint Trading Fund (Extension and Variation) Order 2002

• Citation: S.I. 2002/831
• Sections: 4

Section 1 Citation and commencement

This Order may be cited as the Royal Mint Trading Fund (Extension and Variation) Order 2002 and shall come into force on 1st April 2002.

Section 2 Extension of the Fund

As from 1st April 2002, the operations of the Fund shall be extended to the operations of the Royal Mint consisting of the manufacture and supply of gifts and collectible items, other than coins, and any operation incidental or conducive to such manufacture or supply.

Section 3 Appropriation of assets and liabilities to the fund

Crown assets consisting of—

(a) part of the building known as Building 2 (Ancillary Services), Royal Mint, Llantrisant, South Wales;

(b) fixtures, fittings, machinery and equipment; and

(c) debtors,

and Crown liabilities consisting of creditors, being assets and liabilities properly attributable to the operations to which the Fund is extended by article 2 of this Order, shall be appropriated as assets and liabilities of the Fund.

Section 4 Limitation of total indebtedness

The total outstanding at any given time in respect of amounts issued to the Fund by way of loan from the National Loans Fund under section 2B of the 1973 Act (other than as originating debt), together with the total amount at that time constituting public dividend capital issued to the Fund under section 2A(2A) of the 1973 Act, shall not exceed £50 million.