The Defence Science and Technology Laboratory Trading Fund Order 2011

Draft Order laid before the House of Commons under section 6(2) of the Government Trading Funds Act 1973 for approval by resolution of that House.

Draft Statutory Instruments

2011 No. 000

Defence

The Defence Science and Technology Laboratory Trading Fund Order 2011

Made

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Coming into force

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The Defence Research Agency Trading Fund Order 1993(1) established a trading fund known as the Defence Research Agency Trading Fund under the Government Trading Funds Act 1973(2).

The 1993 Order was varied by the Defence Evaluation and Research Agency Trading Fund Order 1995(3) and the trading fund was renamed and known as the Defence Evaluation and Research Agency Trading Fund.

The 1995 Order was amended by the Defence Evaluation and Research Agency Trading Fund (Amendment) Order 1996(4).

The 1993, 1995 and 1996 Orders were varied by the Defence Science and Technology Laboratory Trading Fund Order 2001(5) and the trading fund was renamed and known as the Defence Science and Technology Laboratory Trading Fund

It now appears to the Secretary of State for Defence (“the Secretary of State”) that—

(a) the existing operations of the Defence Science and Technology Laboratory Trading Fund should continue to be financed by means of a trading fund,

(b) additional operations of the Ministry of Defence are suitable to be financed by means of a trading fund and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question,

(c) the financing of those additional operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations, and

(d) the operations of the Defence Science and Technology Laboratory Trading Fund should be extended to those additional operations.

In accordance with section 6(2) of the Government Trading Funds Act 1973, a draft of this Order extending the funded operations has been laid before the House of Commons and has been approved by a resolution of that House.

The Secretary of State in exercise of the powers conferred by sections 1, 2, 2A(1), 2C and 6(1) of the Government Trading Funds Act 1973 and with the concurrence of the Treasury makes the following Order:

(1)

S.I. 1993/380.

(2)

1973 c. 63, as amended by the Government Trading Act 1990 (c.30). Other relevant amendments were made by sections 119 and 123 and Schedule 19 of the Finance Act 1991 (c. 31), section 210 and Schedule 22 of the Finance Act 1993 (c. 34) and section 108 of the Finance Act 2001 (c.9).

(3)

S.I. 1995/650.

(4)

S.I. 1996/1447.

(5)

S.I. 2001/1246.