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Sections 31 and 85.

FOURTH SCHEDULEDistribution of Commission's Securities

PART IThe Railways Board's List

LIST ACompanies all the shares in which are owned by the Commission

LIST BOther bodies

PART IIThe Docks Board's List

PART IIIThe British Waterways Board's List

(The following bodies are companies all the shares in which are owned by the Commission)

PART IVThe Holding Company's List

LIST ACompanies all the shares in which are owned by the Commission

LIST BOther bodies

PART V

1(1)Subject to sub-paragraph (3) of this paragraph, the right to any money owed to the Commission by any of the bodies listed in the foregoing Parts of this Schedule shall be transferred to the Railways Board, the Docks Board, the British Waterways Board and the Holding Company respectively.

(2)Subject to sub-paragraph (3) of this paragraph, the liability represented by any money owed by the Commission to any of the bodies listed in the foregoing Parts of this Schedule shall be transferred to the Railways Board, the Docks Board, the British Waterways Board and the Holding Company respectively.

(3)This paragraph shall not apply to money owed in the ordinary course of trading.

2Subject to the following provisions of this Act, any rights or liabilities of the Commission regarding the securities of any of the bodies listed in the foregoing Parts of this Schedule shall be transferred to the Railways Board, the Docks Board, the British Waterways Board and the Holding Company respectively.

PART VI

3If at the vesting date there is a subsidiary of the Commission which owns securities of any of the bodies listed in one Part (but not more than one Part) of this Schedule, then for the purposes of section thirty-one and section thirty-four of this Act, and of Part V of this Schedule, that body shall be treated as if it were included in that Part of this Schedule.

4If at the vesting date the Commission owns securities in any body corporate which does not fall under Parts I to IV of this Schedule, then for the purposes of section thirty-one and section thirty-four of this Act, and of Part V of this Schedule, that body shall be treated as if it were included in such Part of this Schedule as may be designated by the Minister.