Part V Miscellaneous and General

Miscellaneous

40 The National Oil Account.

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

2

There shall be paid into the Account, in addition to any sums required to be paid into it by virtue of any other provision of this Act—

a

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

C1b

all sums which, after the coming into force of this paragraph, are received by the Secretary of State by virtue of the M1Petroleum (Production) Act 1934 or from the sale of any petroleum delivered to him under the terms of a licence granted in pursuance of that Act;

c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

3

There shall be paid out of the Account, in addition to any sums required to be paid out of it by virtue of any other provision of this Act,—

a

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

C2b

any sums which, after the coming into force of this paragraph, are payable by the Secretary of State by reference to any licence granted in pursuance of the M2Petroleum (Production) Act 1934;

c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3

4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1