The Defence Evaluation and Research Agency Trading Fund Order 1995
Whereas:
(1)
(2)
it appears to the Secretary of State for Defence (“the Secretary of State”) that: —
(a)
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;
(b)
the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations;
(c)
the operations of the Defence Research Agency Trading Fund should be extended to those operations;
(3)
the Secretary of State has, in accordance with section 2 of the 1973 Act, and with the concurrence of the Treasury, determined what Crown assets and liabilities are properly attributable to those additional operations;
(4)
in accordance with section 6(2) of the 1973 Act, 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;
Now therefore, the Secretary of State in exercise of the powers conferred upon him by sections 1(1), 2, 2A(1) and 6(1) of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, makes the following Order: —