
1 
This Order may be cited as the Telecommunications Act 1984 (Government Shareholding) Order 1992 and shall come into force on 1st April 1992.
2 
The target investment limit in relation to the shares for the time being held in British Telecommunications public limited company by the Treasury or the Secretary of State or their or his nominee by virtue of any provision of Part V of the Telecommunications Act 1984 shall be 22.209 per cent. of the voting rights exercisable in all circumstances at general meetings of the company.
3 
The Telecommunications Act 1984 (Government Shareholding) Order 1985is hereby revoked.
Gregory Knight
Irvine Patnick
Two of the Lords Commissioners of Her Majesty’s Treasury
9th March 1992