15 & 16 GEO. Ó
& 1 ELIZ. 2
Transport
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(4) The Minister shall, as respects each year, prepare, in such form and manner as the Treasury may direct, an account of all sums paid into or out of the Transport Fund, and each such account shall, on or before the first day of July next follow- 5 ing the expiration of the year to which it relates, be transmitted to the Comptroller and Auditor General, who shall examine and certify the account and lay copies thereof, together with his report thereon, before each House of Parliament.
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12. (1) An amount equal to
A.D. 1952
Payments to
(a) the road haulage capital loss as defined in subsection (4) Commission
lof this section; plus
out of Transport.
disposal of
(b) such amount, if any, as in the opinion of the Minister Fund for
represents any unavoidable loss of net revenue incurred loss on by the Commission during the transitional period as a road haulage result of disturbance of the existing road haulage undertaking. undertaking,
shall be paid out of the Transport Fund to the Commission by such instalments as are hereinafter mentioned, that is to say-
(i) the first instalment shall be paid on the first day of January immediately following the end of the transi- tional period and the subsequent instalments shall be paid on the first day of January in each subsequent year until the whole amount is paid; and
(ii) subject as hereinafter provided, the instalments shall be equal instalments paid over such period as may be determined by the Minister:
Provided that the Minister shall, not later than three months before the end of the transitional period, make a provisional estimate of the total amount falling to be paid as aforesaid 30 and a provisional determination of the said period, and shall from time to time revise that estimate, and, if he thinks that the variations in his estimates warrant that course, also that determination and-
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(a) the instalments from time to time payable shall be cal- culated and paid by reference to the latest estimate and determination, for the time being; and
(b) if, on a revision of the estimate or the determination, it appears that too little or too much has been paid, the subsequent instalments shall be adjusted as the Minister may direct in order to make good the excess or deficiency.
(2) The Minister-
(a) in making or revising any such estimate as aforesaid, shall, as respects the road haulage capital loss, consult the auditor or auditors of the Commission who shall
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