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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Royal Ordnance Factories (Extinguishment of Public Dividend Capital) Order 1984 No. 2022 URL: http://www.bailii.org/uk/legis/num_reg/1984/uksi_19842022_en.html |
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Statutory Instruments
ORDNANCE FACTORIES AND MILITARY SERVICES
Made
20th December 1984
Coming into Operation
2nd January 1985
Whereas-
(1)
(2) shares have been issued by the company in consideration of that transfer by virtue of a provision contained in the scheme under section 1(2) of that Act;
(3) the value of the liabilities which subsist in respect of public dividend capital designated in respect of the fund under section 2(2) of the Government Trading Funds Act 1973 and ranking as an asset of the Consolidated Fund does not exceed the nominal value of the shares so issued;
Now, therefore, the Secretary of State, in exercise of the powers conferred upon him by section 10(2) of the Ordnance Factories and Military Services Act 1984 and of all other powers enabling him in that behalf, hereby makes the following Order:-
1. This order may be cited as the Royal Ordnance Factories (Extinguishment of Public Dividend Capital) Order 1984 and shall come into operation on 2nd January 1985.
2. All liabilities which subsist in respect of public dividend capital designated in respect of the fund under section 2(2) of the Government Trading Funds Act 1973 and ranking as an asset of the Consolidated Fund are hereby extinguished.
Michael Heseltine
One of Her Majesty's Principal Secretaries of State
20th December 1984
This Order extinguishes all liabilities in respect of public dividend capital designated under section 2(2) of the Government Trading Funds Act 1973 in respect of the Royal Ordnance Factories Trading Fund.
