14
Transport
Page 137
15 & 16 GEO. 6
& 1 ELIZ. 2
A.D. 1952 estimate to be the total amount, or, as the case may be, the total additional amount, which would have been payable by way of the transport levy in respect of vehicles used for the purposes of that Department in that year if the excise duties under the Vehicles (Excise) Act, 1949, had been chargeable in respect of 5 Crown vehicles.
Establishment
of Transport Fund.
In this subsection "Government Department means a Department or body the salaries or expenses of which are the subject of a payment from moneys provided by Parliament, not being a payment by way of grant in aid.
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(7) In this section, "public road" has the same meaning as in the Vehicles (Excise) Act, 1949, and subsections (4) and (5) of section five of that Act (which relate to super-imposed vehicles and the meaning of the word "trailer ") and section twenty-six of that Act (which relates to the computation of the unladen 15 weight of vehicles and other matters) shall apply for the deter- mination of the transport levy payable in respect of a vehicle as they apply for the determination of the excise duty payable in respect thereof.
· 11.—(1) There shall be established a fund under the control 20 and management of the Minister, to be known as "the Transport Fund," into which all sums paid to the Minister under the last preceding section either by councils or out of moneys provided by Parliament shall be paid, and out of which there shall be made the payments provided for by the other provisions of this 25 Act (and in particular by the two next following sections) and payments to the Commission equal to so much of the payments falling to be made by the Commission under the provisions of this Act relating to compensation to officers and servants as is ascribable to the duties imposed by this Act on the Commission 30 as to the disposal of the property held by the Commission for the purposes of the existing road haulage undertaking.
(2) If it appears to the Minister that the Transport Fund will be insufficient for the time being to meet the payments falling to be made therefrom, he may, within the period of twelve 35 months following the passing of this Act, pay into the Fund, out of moneys provided by Parliament, sums not exceeding in all fifty thousand pounds, but sums equal to the sums so paid into the Fund shall, as soon as the resources of the Fund are suffi- cient for the purpose, be paid out of the Fund into the 40 Exchequer.
:
(3) Any sums standing to the credit of the Transport Fund which are not for the time being required for the purpose of making payments out of the Fund may be invested by the Minister in such securities as may be approved by the Treasury, 45: and any income arising therefrom shall be paid into the Fund.
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