Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.
The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.
It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.
The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Supply of Razors and Razor Blades (Interim Provision) Order 1991, ISBN 011013785X. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.
Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.
To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.
STATUTORY INSTRUMENTS
1991No. 785
MONOPOLIES AND MERGERS
The Supply of Razors and Razor Blades (Interim Provision) Order 1991
Made
21st March 1991
Laid before Parliament
21st March 1991
Coming into force
21st March 1991
Whereas the Secretary of State, in the circumstances specified in
subsection (1) ofsection 56 of the Fair Trading Act 1973[1]
has under consideration the making of an Order under
that section exercising powers specified in Schedule 8 to that Act for
the purpose of remedying or preventing the adverse effects specified in
a report of the Monopolies and Mergers Commission entitled"Razors and razor blades-a report on the supply in the United
Kingdom of razors and razor blades for wet shaving use"[2]
;
And whereas, in the opinion of the Secretary of State, the doing of
the things specified in Articles 2 and 3 of this Order might impede the
operation of the Order which he has under consideration as aforesaid:
Now, therefore, the Secretary of State, in exercise of the powers
conferred on him by sections 89(2) and (3)(a) and 90(3) of the said Act[3]
and with a view to achieving the purpose for which the
powers specified in paragraph 1 of Schedule 8 to the said Act are
proposed to be exercised by the Order which he has under consideration
as aforesaid, hereby makes the following Order:
1. This Order may be cited as the Supply of Razors and Razor Blades
(Interim Provision) Order 1991 and shall come into force at 6.00 pm on
21st March 1991.
2. Gillette UK Limited shall not, in the United Kingdom or
elsewhere-
(a) assign, transfer, surrender or compound to or for the benefit of any
other person any right or interest which it has or is entitled to in,
under or in respect of-
(i) any share, stock or other interest in or in respect of Swedish Match
NV (a company incorporated in The Netherlands) or the capital of that
company, or
(ii) any agreement relating to any such share, stock or other interest,
or
(b) agree to do any of the things mentioned in paragraph (a) above.
3. Lustrasilk International UK Limited shall not, in the United Kingdom
or elsewhere-
(a) assign, transfer, surrender or compound to or for the benefit of any
other person-
(i) the whole or any part of any debt owed by the said Swedish Match NV,
or
(ii) the benefit of the whole or any part of any such debt, or
(iii) any right or interest which it has or is entitled to in, under or in
respect of any such debt or the benefit of any such debt, or
(b) forgive or accept any repayment of or in respect of the whole or any
part of any such debt, or
(c) agree to do any of the things mentioned in paragraphs (a) and (b)
above.
This Order prohibits Gillette UK Limited and Lustrasilk
International UK Limited from doing things which might impede the
operation of an Order which the Secretary of State has under
consideration for remedying or preventing the adverse effects
specifiedin the Monopolies and Mergers Commission report on Razors and
Razor Blades(Cm. 1472, obtainable from Her Majesty's Stationery Office).
Gillette UK Limited is prohibited from disposing, or agreeing to
dispose, of any equity interest which it has in Swedish Match NV or any
agreement relating to the equity of Swedish Match.
Lustrasilk International UK Limited is prohibited from disposing, or
agreeing to dispose, of any interest which has in the indebtedness of
Swedish Match, and from forgiving or accepting repayment of any debt
owed to it by Swedish Match.