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.