15 & 16 GEO. 6
& 1 ELIZ. 2
Transport
..
7
Page 28
A.D. 1952
weight unladen of the motor vehicles owned on the first day of January, nineteen hundred and forty- eight, by the bodies corporate which, on that day, came, by virtue of Part II of the Transport Act, 1947, under the direct or indirect control of the Commission; and (b) as respects size, nature and quality, the vehicles so made
over are comparable to, or, as the case may be, to part'. of, the motor vehicles so owned.
(3) The annual statement to be prepared by the Commission 10 under section ninety-four of the Transport Act, 1947 shall, as respects any period during which any company incorporated under subsection (1) of this section remains under the direct or indirect control of the Commission, include information as to the principal activities of the company and be so framed as to show, 15 as far as may be, the financial and operating results of each such activity, and the Minister and the Treasury shall exercise their powers under the said section ninety-four accordingly.
5.—(1) If it appears to the Commission as respects any pro- Disposal of perty held by them for the purposes of the existing road haulage property
otherwise than 20 undertaking that it is impracticable or inexpedient to dispose of in transport
that property as or as part of a transport unit, they may, with units. the consent of the Minister, dispose of that property otherwise than as or as part of a transport unit.
Any consent of the Minister under this subsection may be 25 given so as to apply to a specified transaction or to a specified class of transactions and may be given either absolutely or subject to conditions.
(2) The Minister may give directions to the Commission, as respects any property held by them for the purposes of the 30 existing road haulage undertaking, requiring them to dispose of that property otherwise than as or as part of a transport unit, and the Commission shall comply with any such directions.
(3) If it appears to the Commission as respects any property held by them for the purposes of the existing road haulage under- 35 taking that the retention thereof by them for use for the pur- poses of some other part of their undertaking (being a part the operations of which do not consist wholly or mainly in the carriage of goods by road for hire or reward) is necessary in order to avoid prejudice to the efficient carrying on thereof, 40 they may, with the consent of the Minister, retain that property
for such use as aforesaid instead of disposing of it.
(4) Save as provided by the preceding provisions of this sec- tion, the Commission shall not dispose of any property held by them for the purposes of the existing road haulage undertaking 45 otherwise than as or as part of a transport unit:
163
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B
Page 28
H
28