Statutory Instruments
2008 No. 921
International Development
The Crown Agents Holding and Realisation Board (Prescribed Day) Order 2008
Made
26th March 2008
Coming into force
28th March 2008
The Secretary of State for International Development makes the following Order in exercise of the power conferred by paragraph 23(1) of Schedule 5 to the Crown Agents Act 1979( 1 ) (“the Act”) and now vested in him( 2 ).
In accordance with paragraph 23(1) of Schedule 5 to the Act it appears to the Secretary of State that the duties of the Crown Agents Holding and Realisation Board under section 25(3)(a) and (c) of that Act have been substantially discharged.
In accordance with paragraph 23(1) of Schedule 5 to the Act, this Order is made with the approval of the Treasury.
In accordance with paragraph 23(3) of Schedule 5 to the Act, a draft of this Order has been laid before Parliament and approved by a resolution of each House.
Accordingly, the Secretary of State for International Development makes the following Order:
Citation, commencement and interpretation
1. This Order may be cited as the Crown Agents Holding and Realisation Board (Prescribed Day) Order 2008 and comes into force on 28th March 2008.
2. In this Order, “Secretary of State” means the Secretary of State for International Development.
Prescribed day
3. The prescribed day for the purposes of paragraphs 23 and 24 of Schedule 5 to the Crown Agents Act 1979 is 1st April 2008.
Transfer and disposal of property, rights, liabilities or obligations
4. Any property, rights, liabilities or obligations which the Crown Agents Holding and Realisation Board may have immediately before the prescribed day are to transfer to the Secretary of State on that day by virtue of this Order, to be disposed of by the Secretary of State.
Payments
5. —(1) Any sums transferred by, or accruing under, this Order to the Secretary of State are to be paid into the Consolidated Fund.
(2) Any sums to be provided for the purposes of this Order are to be paid out of money provided by Parliament.
Douglas Alexander
Secretary of State for International Development
Department for International Development
26th March 2008
We approve
Steve McCabe
Alan Campbell
Two of the Lords Commissioners of Her Majesty’s Treasury
26th March 2008
1979 c.43 ; paragraph 23(2) of Schedule 5 was amended by the Crown Agents Act 1995 (c.24) , sections 11(8), 13(2) and Schedule 2 Part 1.