Regulation 3

The Coal Industry Nationalisation (Superannuation) Regulations 1950 ^f1 as amended^f2, shall be further amended as follows—

(1)

At the end of Regulation 1 there shall be inserted the following paragraph—

“(4)

The Board shall have the like power as in paragraph (1) of this regulation for the purpose of providing for pensions, gratuities and other like benefits in favour of any person who has been in the employment of a subsidiary of the Board or in favour of other persons by reference to the employment of any such person.”.

(2)

In Regulation 9(1), after the definition of “revelant date”, there shall be inserted the following definition—

““subsidiary” has the meaning given by section 154 of the Companies Act 1948^f3 ”

Annotations

Footnotes

f1: (1950 I, p. 356).
f2: The amending regulations are not relevant to the subject matter of these regulations.
f3: 1948 c. 38.