s 42 Industrial and economic guidelines
(1) The Secretary of State shall with the approval of the Treasury prepare guidelines— (a) as to the exercise by a Scottish Secretary of the powers under the Scottish Development Agency Act 1975 with respect to such of the functions of the Scottish Development Agency as relate to the promotion, financing, establishment, carrying on, growth, reorganisation, modernisation or development of industry or industrial undertakings ; c. 51 Scotland Act 1978 (b) as to the exercise by a Scottish Secretary of the powers under the Highlands and Islands Development (Scotland) Acts 1965 and 1968 with respect to such of the functions of the Highlands and Islands Development Board as relate to economic development ; and (c) as to the exercise by a Scottish Secretary of the powers under the enactments listed in Schedule 7 to this Act so far as those powers are exercisable in relation to the disposal of premises or other land for industrial purposes by any of the bodies mentioned in subsection (2) below. (2) The bodies referred to in subsection (1)(c) above are— (a) the Scottish Development Agency ; (b) the Highlands and Islands Development Board ; (c) a regional, islands or district council; and (d) any development corporation within the meaning of the New Towns (Scotland) Act 1968. (3) If, by or under any Scottish Assembly Act, power is conferred— (a) on any body to dispose of premises or other land for industrial purposes ; and (b) on a Scottish Secretary to exercise functions with respect to such a disposal by that body ; the Secretary of State may by order add that body to those specified in subsection (2) above, and the enactment conferring the power on a Scottish Secretary to the enactments listed in Schedule 7 to this Act. (4) A Scottish Secretary shall exercise the powers with respect to which guidelines are prepared under this section so as to give effect to the guidelines. (5) The guidelines prepared under this section shall be contained in or determined under an order of the Secretary of State. (6) A statutory instrument made under this section shall be subject to annulment in pursuance of a resolution of either House of Parliament.