National Freight Corporation (finance)

21 Travel concessions for transferred employees.

The Secretary of State may, with Treasury approval, out of money provided by Parliament reimburse the National Freight Corporation to such extent as he considers appropriate, and on such terms as he may with that approval determine, in respect of amounts paid by N.F.C., N.C.L. or any subsidiary of N.C.L. to the British Railways Board and F1the London Transport ExecutiveF1London Regional Transport in connection with travel concessions afforded by them to employees transferred from the employment of the Board under the 1968 Act, or to F2widowsF2surviving spouses, surviving civil partners or dependants of such employees.