
1 
This Order may be cited as The Queen Elizabeth II Conference Centre Trading Fund Order 1997 and shall come into force on 1st April 1997.
2 

(1) From 1st April 1997, there shall be established a trading fund to be known as The Queen Elizabeth II Conference Centre Trading Fund (hereinafter referred to as “the fund”).
(2) The relevant operations of the Department of the Environment described in Schedule 1 to this Order shall be financed by means of the fund.
3 
The responsible Minister is hereby designated as the source of issues to the fund by way of loan.
4 

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund.
(2) 50 per cent of the amount by which the values of the assets of the fund exceed the amounts of its liabilities shall be treated as public dividend capital of the fund.
5 
The aggregate of the following shall not exceed £2,000,000
(a) the total outstanding at any given time in respect of amounts issued to the fund under section 2B of the 1973 Act (other than as originating debt), and
(b) the total at that time constituting public dividend capital issued to the fund under section 2A(2A) of that Act.
Ferrers
Minister of State,
Department of the Environment
11th March 1997We concur,
Roger Knapman
Patrick McLoughlin
Two of the Lords Commissioners of Her Majesty’s Treasury
13th March 1997
SCHEDULE 1
Article 2

The relevant operations of the Department of the Environment are:
(a) the provision of conference and related services at The Queen Elizabeth II Conference Centre, and
(b) operations incidental, supplementary, conducive or otherwise ancillary to the foregoing including the letting and managing of any concessions at the Centre.

SCHEDULE 2
Article 4
Plant, facilities, equipment, machinery, vehicles, fixtures, fittings, computer hardware and software, as at 1st April 1997, used or allocated for use in the funded operations.
Debtors arising from the funded operations as carried on up to that date.
Creditors and accruals as at 1st April 1997 in relation to the funded operations.