The Medicines Control Agency Trading Fund Order 1993
This Order provides for the setting up as from 1st April 1993 of a fund with public money under the Government Trading Funds Act 1973 for the operations of the Medicines Control Agency described in Schedule 1 to the Order. Schedule 1 comprises all the activities of the Medicines Control Agency except those relating to the British Pharmacopoeia. The fund is to be known as the Medicines Control Agency Trading Fund. The Order designates the Secretary of State for Health as the authorised lender to the fund and imposes a limit of £5,000,000 on the amount which may be lent to it. It provides for the assets and liabilities set out in Schedule 2 to the Order to be appropriated to the fund and for 50 per cent of the amount by which the values of the assets exceed the amounts of the liabilities to be treated as public dividend capital. (The estimated value of the assets is £13,000,000 and the estimated amount of the liabilities is £9,500,000).