[Home] [Databases] [World Law] [Search] [Feedback]
	Northern Irish Legislation
You are here:  BAILII >> Databases >> Northern Irish Legislation >> TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971

[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 1

1.(1) The Ministry of Development (in this Act referred to as "the Ministry"),
with the approval of the Ministry of Finance, may, out of moneys provided by
Parliament, make grants to the Northern Ireland Transport Holding Company (in
this Act referred to as "the Holding Company") for the purpose of enabling
the Holding Company to discharge obligations transferred to it by section 68
of the Transport Act (Northern Ireland) 1967 in respect of pensions and
compensation to former employees of the Ulster Transport Authority (in
this Act referred to as "the Authority").

(2) Grants under subsection (1) shall consist of

(a)a sum not exceeding two million pounds in respect of the liabilities
incurred by the Holding Company on or before 31st March 1971 in meeting its
obligations as aforesaid; and

(b)such further sums as the Ministry, with the approval of the Ministry of
Finance, may determine to be necessary to enable the Holding Company to
discharge liabilities incurred by it after 31st March 1971 in meeting its
obligations as aforesaid.

(3) The Holding Company shall make available to the Ministry such documents
and records and shall furnish to the Ministry such information as the Ministry
may reasonably require for the purposes of its functions under this section.

© 1971 Crown Copyright

BAILII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
URL: http://www.bailii.org/nie/legis/num_act/tai1971393/s1.html