Statutory Instrument 2001 No. 1246

The Defence Science and Technology Laboratory Trading Fund Order 2001

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© Crown Copyright 2001

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(a) those operations of the Defence Evaluation and Research Agency ("DERA") referred to in Article 3 to this Order ("the continuing operations") should continue to be funded by means of the Fund;

(b) those operations of DERA referred to in Article 4 to this Order should cease to be so funded;

    (4) the continuing operations are to be known from the date of commencement of this Order as the Defence Science and Technology Laboratory;

    (5) the Secretary of State has, in accordance with section 4A of the 1973 Act, and with the concurrence of the Treasury, determined that - 

(a) those assets and liabilities set out in Schedule 1 to this Order shall continue to be attributable to the continuing operations and shall continue to be part of the Fund; and

(b) those assets and liabilities set out in Schedule 2 to this Order shall cease to be attributable to the continuing operations and shall cease to be part of the Fund;

    (6) in accordance with section 6(2) of the 1973 Act, a draft of this Order varying 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 section 4A of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following order - 

Citation and commencement
     1. This Order may be cited as The Defence Science and Technology Laboratory Trading Fund Order 2001 and shall come into force on 1st July 2001.

Variation of Existing Orders
     2. The 1993, 1995 and 1996 Orders shall be varied in accordance with the following Articles.

Continuing operations
     3. The following operations shall from 1st July 2001 continue to be funded operations - 

the Security Division, which comprises - 

     the Centre for Defence Analysis

     the Chemical and Biological Defence Sector

     the Chemical and Electronic Systems Sector

     the Defence Research Information Centre

     the Defence Radiological Protection Service

     the Integrated Systems Sector.

Operations ceasing to be funded
     4. All other operations not included in Article 3 of this Order shall from 1st July 2001 cease to be funded operations. Those operations are - 

     the Business Services Division

     the Defence Programmes Division

     the Defence Diversification Agency

     the Future Systems Technology Division

     the Knowledge and Information Systems Division

     the Sensors and Electronic Division

     the Through Life Support Division.

Assets and liabilities of the fund
     5. The Crown assets and liabilities set out in Schedule 1 to this Order shall remain as assets and liabilities of the Fund.

Public dividend capital
     6. 50 per cent of the amount by which the aggregate of the values of the assets set out in Schedule 1 to this Order exceed the aggregate of the amounts of the liabilities so set out, shall be treated as public dividend capital of the Fund.

Limitation of indebtedness
     7. The maximum amount that may be issued to the Fund by way of loan shall be £100,000,000.

Assets and Liabilities removed from the fund
     8. The Crown assets and liabilities set out in Schedule 2 to this Order shall cease to be assets and liabilities of the Fund.

Amended Name of the Fund
     9. The Fund, as amended by the terms of this Order, shall be known as the Defence Science and Technology Laboratory Trading Fund.


Geoffrey Hoon
Secretary of State for Defence

27th March 2001



We concur


Greg Pope

Jim Dowd
Two of the Lords Commissioners of Her Majesty's Treasury

28th March 2001

[2] 1973 c. 63 as amended by the Government Trading Act 1990 (c. 30). The 1973 Act, as so amended, is set out in Schedule 1 to the 1990 Act. The 1973 Act was further amended by section 119 of the Finance Act 1991 (c. 31), and Schedule 22 to the Finance Act 1993 (c. 34).back

[3] S.I. 1995/650.back

[4] S.I. 1996/1447.back