Regulation 2 Interpretation

(1)

In these regulations—

“the principal regulations” means the Iron and Steel (Compensation to Employees) Regulations 1968^f1 ,

and other expressions to which a meaning is assigned by the Act or by the principal regulations have the same meaning.

(2)

(a)

Where under the provisions of these regulations an annual value is to be assigned to a capital sum or a capital value to an annual amount, the annual or capital value shall be ascertained in accordance with the tables contained in the schedule hereto in so far as they provide for the particular case.

(b)

For the purpose of determining the application of the said tables the headings and the note to each table shall be treated as a part of the table.

(c)

Where the said tables do not provide for a case in which an annual value is to be assigned to a capital sum or a capital value to an annual amount, the annual or capital value shall be such as may be agreed between the Corporation and the person to whom the capital sum or annual amount is payable.

(3)

The Interpretation Act 1889 shall apply to the interpretation of these regulations as it applies to the interpretation of an Act of Parliament.

Annotations

Footnotes

f1: (1968 II, p. 3156).