F1“council”, in relation to Scotland, means a council constituted under section 2 of the Local Government etc. (Scotland) Act 1994;

• “employees’ share scheme” means a scheme for encouraging or facilitating the holding of shares or debentures in a company by or for the benefit of—

1. a

   the bona fide employees or former employees of the company or of a subsidiary of the company; or

2. b

   the wives, husbands, widows, widowers or children or step-children under the age of eighteen of such employees or former employees;

• “equity share capital” has the meaning given in the M5Companies Act 1985;

• “excursion or tour” means a service for the carriage of passengers by road at separate fares on which the passengers travel together on a journey, with or without breaks, from one or more places to one or more other places and back;

• “functions” includes powers, duties and obligations;

• “interest” means, in relation to a company’s share capital of any description, a beneficial interest (whether held directly or through nominees or subsidiaries) in that share capital;

• “liability” includes an obligation;

• “local service” has the meaning given by section 2 of this Act;

• “London” means the administrative area of Greater London as for the time being constituted;

• “London local service” has the meaning given by section 34(1) of this Act;

• “pension”, in relation to a person, means a pension, whether contributory or not, of any kind whatsoever payable to or in respect of him, and includes—

1. a

   a gratuity so payable;

2. b

   a return of contributions to a pension fund, with or without interest on or any other addition to those contributions; and

3. c

   any sums payable on or in respect of the death of that person;

• “pension rights” includes, in relation to any person, all forms of right to or eligibility for the present or future payment of a pension, and any expectation of the accruer of a pension under any customary practice, and includes a right of allocation in respect of the present or future payment of a pension;

• “prescribed” means prescribed by regulations;

• “public passenger transport services” has the meaning given by section 63(10)(a) of this Act;

• “the Railways Board” means the British Railways Board established under section 1 of the 1962 Act;

• “regulations” means regulations made by the Secretary of State;

• “securities”, in relation to a body corporate, means any shares, stock, debentures, debenture stock, and any other security of a similar nature, of the body corporate;

• “social services functions” means functions which are social services functions for the purposes of the M6Local Authority Social Services Act 1970;

• “social work functions” means functions which are social work functions for the purposes of the M7Social Work (Scotland) Act 1968;

• F2. . .

• “stopping place” means, in relation to any service or part of a service, a point at which passengers are (or, in the case of a proposed service, are proposed to be) taken up or set down in the course of that service or part;

• “subsidiary” means, in relation to any body corporate, a body corporate which is a subsidiary of the first-mentioned body corporate F3within the meaning of section 736 of the Companies Act 1985 as originally enacted (and not as substituted by section 144(1) of the Companies Act 1989);

• “traffic area” means a traffic area constituted for the purposes of the 1981 Act, and section 80 of that Act shall apply to references in this Act to the Metropolitan Traffic Area;

• F4 . . .

• “wholly-owned subsidiary” means a subsidiary all the securities of which are owned by a body corporate of which it is a subsidiary, or by one or more other wholly-owned subsidiaries of that body, or partly by that body and partly by any wholly-owned subsidiary of that body;

and the expressions listed in subsection (2) below have the same meaning as in the 1981 Act.