This is the original version (as it was originally enacted).
4In respect of—
(a)any payments falling to be made by the Authority in consequence of the participation by virtue of paragraph 2 or 3 above in an Authority pension scheme of persons employed by any successor company or of directors or other officers of such a company, or
(b)the accruing liability of the Authority for any such payments,
the company shall pay to the Authority such sums as may be agreed between the company and the Authority or as, in default of such agreement, the Secretary of State may direct.
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