SCHEDULES

SCHEDULE 3 Financial structure of successor companies

Government investment in companies

3

1

Subject to section 16 of this Act, the Treasury or, with the consent of the Treasury, the Secretary of State may at any time acquire—

a

securities of a relevant successor company; or

b

rights to subscribe for any such securities.

2

The Secretary of State shall not dispose of any securities or rights acquired by him by virtue of this paragraph without the consent of the Treasury.

3

Any expenses incurred by the Treasury or the Secretary of State in consequence of the provisions of this paragraph shall be paid out of money provided by Parliament.