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2. After section 7 of the 1967 Act insert—
7A—(1) For the purpose of the exercise of their functions under this Act so far as relating to land in England and Wales, or for the purpose of the exercise of their functions under section 8(1)(b) of this Act, the Commissioners may—
(a)form, or participate in the forming of, a body corporate;
(b)invest in a body corporate;
(c)provide loans;
(d)establish a charitable trust; or
(e)act, or appoint a person to act, as an officer of a body corporate or as a trustee of a charitable trust.
(2) The powers contained in subsection (1)(b) and (c) shall be exercisable only with Treasury approval.”.
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