s 17 Interpretation.
(1) In this Act— “ the Corporation ” means the Commonwealth Development Corporation; “ dependent territory ” means, subject to subsection (2) below, any territory outside the British Islands for whose external relations Her Majesty’s Government in the United Kingdom are responsible at the commencement of this Act, . . . ; “the Minister” (except in a reference to a specified Minister) means the Secretary of State ; “ new Commonwealth country ” means any overseas country within the Commonwealth which is not a dependent territory, and which had not become an independent sovereign country before 11th February 1948 and is not a territory administered by the government of such an independent sovereign country; . . . “ overseas country ” means any country or territory outside the United Kingdom and “ subsidiary ” and “ wholly-owned subsidiary ” shall be construed in accordance with section 736 of the Companies Act 1985. (2) A territory which is a dependent territory, as defined in subsection (1) above, shall no longer be treated as being a dependent territory for the purposes of this Act— (a) if, and at the time when, it becomes an independent sovereign country, or (b) at any time when it forms part of an independent sovereign country or is administered by the government of any such country outside the United Kingdom. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .