§ Mr. Spearing
asked the Chancellor of the Exchequer what is the policy of Her Majesty's Government in respect of the use of powers available in the Government Trading Funds Act; what powers have been used since this Act received Royal Assent; and on which duties.
§ Mr. Joel Barnett
The powers available under the Government Trading Funds Act 1973 are used in suitable cases at the appropriate time. Since the Act received Royal Assent two orders to establish trading funds have been 169W approved by the House: (i) Statutory Instrument 1974 No. 1106 made on 27th June 1974 provided for the establishment of a trading fund for the Royal ordnance factories from 1st July 1974; and (ii), Statutory Instrument 1975 No. 501 made on 24th March 1975 provided for the establishment of a trading fund for the Royal Mint from 1st April 1975.