Explanatory note

The Order provides for the functions of the management committee of the London and North Western Railway Provident Society for providing Pensions for Widows and Orphans of the Salaried Staff to be transferred to and exercised by the British Railways Board (Article 3(a)). Existing provisions of the scheme relating to the election or appointment of members of the management committee are to cease to have effect and the audit of the funds of the scheme is to be carried out by auditors appointed by the British Railways Board (Article 3(b) and (c)). Provision is also made for the disposal of surplus funds on the winding up of the scheme (Article 4).