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Article 2
Provisions of the Act | Subject matter of provision |
---|---|
Section 7. | Borrowing powers etc of the British National Oil Corporation. |
Section 24. | Extended meaning of “offshore installation” in section 1 of the Mineral Workings (Offshore Installations) Act 1971. |
Section 26. | Extended application of the Offshore Petroleum Development (Scotland) Act 1975. |
Section 34. | Application of the Trustee Investments Act 1961. |
Section 37, so far as it relates to the provisions of Schedules 3 and 4 specified in this Schedule. | Amendments and repeals. |
Schedule 3, paragraphs 7 to 11, 23, 26, 28, and 30 to 33. | Minor and consequential amendments. |
Schedule 4, so far as it relates to repeals of sections 6(2) and 12(1) of the Mineral Workings (Offshore Installations) Act 1971, and sections 1(3)(c), 3(3), 44(1) to (4), and 45(3) of the Petroleum and Submarine Pipe-lines Act 1975. | Repeals. |
Article 3
Provisions of the Act | Subject matter of provision |
---|---|
Section 4. | New financial structure of the British National Oil Corporation. |
Section 5. | Payments by the Oil Corporation to the Secretary of State. |
Section 6. | Grants by the Secretary of State to the Oil Corporation. |
Section 23, subsections (2), (3), (4) and (6), so far as is necessary for the purposes of the amendments to the Social Security Act 1975, the Patents Act 1977 and the Social Security and Housing Benefits Act 1982 herein effected. | Application of civil law. |
Section 37, so far as it relates to the provisions of Schedules 3 and 4 specified in this Schedule. | Amendments and repeals. |
Schedule 3, paragraphs 21, 27, 39 and 44. | Minor and consequential amendments. |
Schedule 4, so far as it relates to repeals of sections 2(4)(d), 7(2), 14(4)(b) and 40(2)(a) and (c) and (3)(a) and (c) of the Petroleum and Submarine Pipe-lines Act 1975. | Repeals. |
Article 4
Provisions of the Act | Subject matter of provision |
---|---|
Section 8. | Abolition of the National Oil Account. |
Section 37, so far as it relates to the provisions of Schedule 4 specified in this Schedule. | Amendments and repeals. |
Schedule 4, so far as it relates to repeals of section 40(1), (3) and (4) of the Petroleum and Submarine Pipe-lines Act 1975. | Repeals. |
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