OpenLegislation

Article 2

Original text. Later amendments are not shown.

In this Order, unless the context otherwise requires—

  • “the 1995/96 financial year” means the financial year of the British Coal Corporation ending in March 1996;

  • “the Act” means the Coal Industry Act 1987;

  • “chargeable costs” means costs which fall to be charged to a consolidated profit and loss account of the Corporation and their subsidiaries prepared in accordance with a direction given under section 8(1) of the Coal Industry Act 1971f1 for the 1995/96 financial year;

  • “the Corporation” means the British Coal Corporation;

  • “employees” means employees of a relevant company;

  • “payments” means periodical or lump sum payments;

  • “relevant company” means the Corporation and their wholly-owned subsidiary British Coal Enterprise Limited and the expression “relevant companies” shall be construed accordingly;

and references to payments, contributions or expenditure are references to payments, contributions or expenditure by a relevant company.

Annotations

Footnotes

f1

1971 c. 16. The Coal Industry Act 1994, section 67(8) and Schedule 11, Part IV, provides for the repeal of section 8 but the repeal has not yet come into force.