Coal Industry Act 1977
1977 c.39
An Act to increase the limit on the borrowing powers of the National Coal Board, to provide for grants by the Secretary of State to the Board and other persons, to extend the Board’s powers and the power to provide pensions and other benefits under the Coal Industry Nationalisation Act 1946.
Finance
F171 Borrowing powers of National Coal Board.
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4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
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F267 Payments to redundant workers.
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Other provisions
C19 Activities relating to petroleum,
F61
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F62
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F63
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F64
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F215
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F2210 Activities relating to minerals other than coal or petroleum.
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F2311 Overseas activities.
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12 Pensions.
C21
In section 37 of the Act of 1946 (regulations about pension schemes) after subsection (1) insert the following subsection—
1A
Regulations may be made for providing pensions, gratuities and other like benefits in favour of persons specified in the Table in Schedule 2A to this Act, and references in subsection (1)(c) above to the purposes of paragraphs (a) and (b) of that subsection shall include references to the purposes of this subsection.
C22
After Schedule 2 to the Act of 1946 insert, as Schedule 2A, the provisions set out in Schedule 3 to this Act.
13 Administrative expenses.
F16Any administrative expenses incurred by the Secretary of State for the purposes of this Act shall be paid out of money provided by Parliament
14 Interpretation.
F161
In this Act—
“the Act of 1946” means theM1Coal Industry Nationalisation Act 1946;“the Act of 1965” means theM2Coal Industry Act 1965;“the Act of 1971” means theM3Coal Industry Act 1971;“the Act of 1973” means theM4Coal Industry Act 1973;“the Act of 1976” means theM5National Coal Board (Finance) Act 1976;“the Board” means the National Coal Board;F7 “the Corporation” means the British Coal Corporation;“wholly owned subsidiary” shall be construed in accordance withF8F9section 736of the Companies Act 1985.
2
Except so far as the context otherwise requires, any reference in this Act to an enactment shall be construed as a reference to that enactment as amended or extended by or under any other enactment.
F1615 Amendments and repeals.
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16 Citation, commencement and extent.
F161
This Act may be cited as the Coal Industry Act 1977, and the Coal Industry Acts 1946 to 1976 and this Act may be cited together as the Coal Industry Acts 1946 to 1977.
2
This Act shall come into force at the expiration of a period of one month beginning with the date on which this Act is passed.
3
This Act does not extend to Northern Ireland, but without prejudice to the provisions of this Act relating to activities of the Board outside Great Britain.
SCHEDULES
F14SCHEDULE 1 Borrowing by Board
Sch. 1 repealed (27.3.2004) by Coal industry Act 1994 (c. 21), s. 68(4), Sch. 11 Pt. III; S.I. 2004/144, art. 2, Sch.
F14Part I
F14 Section 1 of the Act of 1965 as amended
F141 Borrowing by, and loans by Minister to, National Coal Board.
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F14 Section 2 of the Act of 1973 as amended
F142 Borrowing powers of the Board and its subsidiaries and powers to guarantee loans.
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F14Part II
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SCHEDULE 2 . . . F10
Sch. 2 repealed (with saving) by Coal Industry Act 1987 (c. 3, SIF 86), s. 10(3), Sch. 3 Pt. I note
C3SCHEDULE 3
The text of ss. 1(1)(2), 11(8), 12(1)(2), 15(1)(2), Schs. 1, 3, 4 paras. 1(1)—(7), 2, 3, Sch. 5 Pts. I, II is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
To be inserted in the Act of 1946 as Schedule 2A
Eligibility for Superannuation Rights
The table below sets out classes of persons for whom rights may be provided under section 37(1A) of this Act.
Table
1
Any person who has been in the employment of a subsidiary of the Board.
2
Any person who has been in the employment of a body corporate in which the Board then had an interest of a kind defined by regulations under section 37 of this Act and which was then, or at any earlier time, a subsidiary of the Board.
3
1
Any person who has been in the employment of a body corporate to which this head then applied.
2
This head applies to a body corporate in which the Board, or a subsidiary of the Board, has an interest of a prescribed kind where—
a
more than one-half in nominal value of the equity share capital of the body corporate is held by nationalised bodies, or
b
its members consist of or include nationalised bodies, and those nationalised bodies can together control the composition of the board of directors of the body corporate, or
c
the body corporate is a subsidiary of another body corporate to which this head applies.
3
In this head “prescribed” means prescribed by regulations under section 37 of this Act, and those regulations may prescribe different kinds of interests for cases within paragraphs (a), (b) and (c) above respectively.
4
Any person who has been in the employment of a partnership where—
a
the Board or a subsidiary of the Board was one of the partners, and
b
that partner, together with any other partners who were nationalised bodies, had an interest, or interests, in the partnership satisfying conditions prescribed by regulations under section 37 of this Act.
5
Other persons, so far as benefits in their favour are by reference to the employment of persons within heads 1, 2, 3 or 4 above.
In this Table—
“nationalised body”means—
a
a body corporate established by or under any enactment for the carrying on of any industry or part of an industry, or of any undertaking, under national ownership or control, or
b
a subsidiary of such a body corporate,
“subsidiary” has the meaning given by section 154 of the Companies Act 1948.
Schedule 4 Minor Amendments
Coal Industry Nationalisation Act 1946 (c.59)
1
F181
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F252
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F253
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F254
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F115
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F246
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F187
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Coal Industry Act 1967 (c. 91)
F192
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F203
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4
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5
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F15Schedule 5 Repeals
Sch. 5 repealed (27.3.2004) by Coal industry Act 1994 (c. 21), s. 68(4), Sch. 11 Pt. III; S.I. 2004/144, art. 2, Sch.
F15Part I Grants for Pit Closures
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F15Part II Other Repeals
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For extent of this Act see s. 16