
1 
This Order may be cited as the Telecommunications Act 1984 (Government Shareholding) Order 1994 and shall come into force on 5th April 1994.
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 1.31 per cent of the voting rights exercisable in all circumstances at general meetings of the company.
3 
The Telecommunications Act 1984 (Government Shareholding) Order 1992 is hereby revoked.
Tim Wood
Andrew Mackay
Two of the Lords Commissioners of Her Majesty’s Treasury
14th March 1994