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The National Freight Corporation (Commencing Capital Debt) Order 1976

S.I. 1976/329 · Made 1 March 1976

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

TRANSPORT

Made 1st March 1976

Laid before the House of Commons 8th March 1976

Coming into Operation 29th March 1976

The Secretary of State for the Environment, with the approval of the Treasury, hereby makes this Order in exercise of the powers conferred by paragraphs 1 and 4 of Schedule 2 to the Transport Act 1968 and now vested in himf1 and of all other enabling powers:—

Annotations to the whole text

Footnotes

f1

S.I 1970/1681 (1970 III, p.5551).

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

1

This Order shall come into operation on 29th March 1976 and may be cited as the National Freight Corporation (Commencing Capital Debt) Order 1976.

2

The amount of the commencing capital debt of the National Freight Corporation due to the Secretary of State, shall be £98,096,733.

Signature

Signed by authority of the Secretary of State,

John Gilbert

Minister for Transport

Department of the Environment

27th February 1976

We approve the making of this Order.

Donald R. Coleman

James A. Dunn

Two of the Lords Commissioners of Her Majesty's Treasury

1st March 1976

Explanatory note

This Order fixes the commencing capital debt of the National Freight Corporation at £98,096,733. The sum represents the assets taken over by the National Freight Corporation from the Transport Holding Company and the British Railways Board under sections 4, 5 and 53 of the Transport Act 1968.