- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (03/04/2006)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 26/05/2015
Point in time view as at 03/04/2006.
There are currently no known outstanding effects for the Aircraft and Shipbuilding Industries Act 1977 (repealed), Part II.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
1U.K.On 29th October 1974 each of the companies specified in Part I of this Schedule fulfilled the following conditions, namely,—
(a)the company was incorporated and had its principal place of business in Great Britain; and
(b)the company was engaged in manufacturing complete aircraft or guided weapons; and
(c)the aggregate of—
(i)the company’s turnover for the relevant financial year, as stated or otherwise shown in its accounts, and
(ii)the turnover of each of the company’s subsidiaries for the relevant financial year, as stated or otherwise shown in its accounts,
exceeded £7·5 million; and
(d)the company was not a wholly owned subsidiary of a company which fulfilled each of the preceding conditions.
2U.K.In paragraph 1 above—
“aircraft” does not include—
(a)hovercraft;
(b)lighter than air aircraft;
(c)rotary-wing aircraft;
(d)non-motorised and motorised gliders;
(e)aircraft designed to fly unmanned; and
(f)replicas of aircraft of historic interest; and
“relevant financial year”, in relation to a company, means that one of the company’s financial years, within the meaning of the M1Companies Act 1948, for which accounts were last laid before it in general meeting before 29th October 1974.
Marginal Citations
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