Statutory Instruments
2024 No. 1094
GOVERNMENT TRADING FUNDS
The Royal Mint Trading Fund (Extension and Variation) (Amendment) Order 2024
Made
1st November 2024
Laid before the House of Commons
5th November 2024
Coming into force
26th November 2024
The Chancellor of the Exchequer makes the following Order in exercise of the powers conferred by sections 1(1) and 6(1) of the Government Trading Funds Act 1973( 1 ).
Citation, commencement and extent
1. —(1) This Order may be cited as the Royal Mint Trading Fund (Extension and Variation) (Amendment) Order 2024 and comes into force on 26th November 2024.
(2) This Order extends to England and Wales, Scotland and Northern Ireland.
Variation
2. —(1 ) The Royal Mint Trading Fund (Extension and Variation) Order 2002( 2 ) is amended as follows.
(2 ) In article 4 (limitation of total indebtedness), for “£50 million” substitute “£105 million” .
Rachel Reeves
Chancellor of the Exchequer
1st November 2024
1973 c. 63 . Sections 1(1) and 6(1) were substituted by sections 1(1) and 2(3)(a) of the Government Trading Act 1990 (c. 30) . Section 7(1) provides that, for the purposes of the Government Trading Funds Act 1973, the Chancellor of the Exchequer is to be regarded as the Minister responsible for the administration of the Mint.