Statutory Instruments
TRANSPORT
Made
1st March 1976
Laid before the House of Commons
8th March 1976
Coming into Operation
29th March 1976
The Secretary of State for the Environment, with the approval of the Treasury, hereby makes this Order in exercise of the powers conferred by paragraphs 1 and 4 of Schedule 2 to the Transport Act 1968 and now vested in him(1) and of all other enabling powers:—
1. This Order shall come into operation on 29th March 1976 and may be cited as the National Freight Corporation (Commencing Capital Debt) Order 1976.
2. The amount of the commencing capital debt of the National Freight Corporation due to the Secretary of State, shall be £98,096,733.
Signed by authority of the Secretary of State,
John Gilbert
Minister for Transport
Department of the Environment
27th February 1976
We approve the making of this Order.
Donald R. Coleman
James A. Dunn
Two of the Lords Commissioners of Her Majesty's Treasury
1st March 1976
This Order fixes the commencing capital debt of the National Freight Corporation at £98,096,733. The sum represents the assets taken over by the National Freight Corporation from the Transport Holding Company and the British Railways Board under sections 4, 5 and 53 of the Transport Act 1968.
S.I 1970/1681 (1970 III, p.5551).