Schedule 23: Legislation no longer of practical use Nuclear Industry (Finance) Act 1977
921.Paragraph 18 repeals a redundant provision in the Nuclear Industry (Finance) Act 1977.
922.Section 3 enabled the Secretary of State to incur expenditure in the acquisition of shares or securities of the National Nuclear Corporation Limited. That company was involved in the construction of nuclear power stations and had been formed as part of an earlier restructuring of the nuclear industry. The power is no longer needed as all share purchases have been completed and the National Nuclear Corporation is no longer in existence.
923.The repeal forms part of the law of England and Wales, Scotland and Northern Ireland and comes into force at the end of the period of 2 months beginning with the day on which the Act is passed.