Furniture Development Council (Dissolution) Order 1981

Publication Date:January 01, 1981
 
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1981No. 1142

INDUSTRIAL ORGANISATION AND DEVELOPMENT

The Furniture Development Council (Dissolution) Order 1981

31stJuly1981

1stDecember1981

Whereas the Secretary of State has consulted the development council known as the Furniture Development Council (hereinafter called "the Council") and the organisations appearing to him to be representative of substantial numbers of persons carrying on business in the furniture manufacturing industries and the organisations representative of persons employed in those industries appearing to him to be appropriate:

And whereas a draft of this Order has been approved by a resolution of each House of Parliament:

Now, therefore, the Secretary of State, in exercise of the powers conferred by section 8 of the Industrial Organisation and Development Act 1947(a) and now vested in him(b) and all other powers in that behalf enabling him, hereby orders as follows:—

Citation and commencement

1. This Order may be cited as the Furniture Development Council (Dissolution) Order 1981 and shall come into operation on 1st December 1981.

Modification and abolition of statutory levy

2. The Furniture Industry Development Council Order 1948(c) (hereinafter referred to as "the principal Order") shall have effect as if:—

(a) in paragraph (1) of Article 6 thereof after the words "each subsequent year" there were inserted the words "up to and including the year 1982"; and

(b) in the proviso to that paragraph, in its application to the year 1982, for the amount "£3,000" there were substituted the amount "£200,000".

Winding up of the Furniture Development Council

3.—(1) On 31st December 1982 (hereinafter referred to as "the dissolution date"), the property, rights and liabilities which immediately before that date were property, rights and liabilities of the Council shall, by virtue of this Article, vest in the Secretary of State for Industry and the Council shall be dissolved.

(2) Any legal proceedings to which the Council are a party immediately before the dissolution of the Council may be continued after the dissolution by or in relation to the Secretary of State.

(a) 1947 c. 40.

(b) S.I. 1970/1537.

(c) S.I. 1948/2774, to which the only relevant amending instrument is S.I. 1967/1130.

(3) A requirement imposed by the Council under Article 5 or 6(5) of the principal Order which remains unfulfilled on the dissolution date shall, as from that date, have effect as if any reference to the Council or any officer thereof in relation to that requirement were a reference to the Secretary of State.

Council's final accounts

4.—(1) The general accounts of the Council shall be prepared for the period commencing on 1st January 1982 and terminating on 30th November 1982 which shall be the Council's last financial year and the Council shall comply with section 7(1) of the Industrial Organisation and Development Act 1947 and deliver the said accounts to the Council's auditors not later than the dissolution date.

(2) Special liquidation accounts, in such form as the Secretary of State may direct, relating to the financial transactions of the Council occurring between 30th November 1982 and the dissolution date shall be separately prepared by the Council and delivered to the Secretary of State on or before the dissolution date.

Powers of the Council pending dissolution

5. After 30th November 1982 the Council shall not without the consent of the Secretary of State exercise any of the functions assigned to them by the principal Order except so far as may be necessary for the beneficial winding up of the Council.

Power to impose and recover charges

6.—(1) If the assets of the Council are insufficient to meet their liabilities and the expenses of the winding up, the Council shall, for the purpose of making good the deficiency, have power with the...

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