
1 
This Order may be cited as the Vehicle Inspectorate Trading Fund Order 1991 and shall come into force on 1st April 1991.
2 
In this Order—
 “the Act” means the Government Trading Funds Act 1973;
 “the fund” means the trading fund established by this Order:
 “vehicle” means road vehicle; and
 “Vehicle Inspectorate” means that part of the Department of the Vehicle Inspectorate-Executive Agency.
3 
As from 1st April 1991 there shall be established a trading fund for such of the operations of the Vehicle Inspectorate as are described in Schedule 1 to this Order.
4 
The Secretary of State is hereby designated as the source of issues to the fund by way of loan.
5 

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund at the values or amounts shown in that Schedule.
(2) The sum of £19,100,000, being part of the amount by which the values of those assets exceed the amounts of those liabilities, shall be treated as public dividend capital.
6 
The maximum amount that may be issued to the fund by way of loan under section 2B of the Act shall be £40,000,000.
Malcolm Rifkind
Secretary of State for Transport
19th March 1991We concur
Thomas Sackville
Irvine Patnick
Two of the Lords' Commissioners of Her Majesty’s Treasury
19th March 1991
SCHEDULE 1
Article 3
1 
The inspection, examination, testing and weighing of vehicles, their parts, accessories, equipment and loads.
2 
The enforcement of laws relating to, or connected with, vehicles in so far as such enforcement does not fall within paragraph (1) above.
3 
The provision of authority required for carrying on activities relating to vehicles in so far as such provision does not fall within paragraph (1) or (2) above.
4 
The promotion of vehicle safety and of environmental protection in connection with vehicles in so far as such promotion does not fall within paragraph (1), (2) or (3) above.
5 
The carrying out of operations incidental, conducive or otherwise ancillary to the conduct of the operations described above.
SCHEDULE 2
Article 5


ASSETS £M
Freehold land 13.5
Freehold buildings 10.6
Leaseholds 4.8
Plant and equipment 2.3
Computer hardware and software 4.1
 35.3
LIABILITIES
Fees paid in advance 3.5
NET ASSETS 31.8