With the consent of the Secretary of State1 and subject to any conditions he may impose, each new board2 may form, or take part in forming, one or more bodies corporate which, or each of which, has as its main object or objects one or more of those mentioned below3 in relation to that new board4, or any other object or objects incidental to the new board's functions5. A new board so authorised to form or take part in forming any such body may hold interests in any such
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