A.D. 1952
:
Transport
Page 139
15 & 16 GEO. 6
& 1 ELIZ. 2
furnish him with such information and certificates as he may require, and shall, as respects the amount referred to in paragraph (b) of subsection (1) of this section, consult the Commission and the Treasury;
(b) in determining the period over which the instalments 5
are to be paid and in revising any determination thereof, shall act with the approval of the Treasury.
(3) If at any time the Transport Fund is for the time being more than sufficient to make all the payments which have become due to be paid therefrom, such sum, if any, as the 10 Minister may direct shall be paid therefrom to the Commission, and where any payment is made under this subsection, the total amount falling to be paid under subsection (1) of this section shall be deemed to be reduced by the amount of the payment and the said total amount shall be estimated or re-estimated 15 accordingly.
A direction may be given under this subsection either before or after the end of the transitional period but not later than the payment of the final instalment under subsection (1) of this section, and, where the direction is given after any estimate has 20 been made under the proviso to that subsection, the amount directed to be paid shall not exceed the total amount of the instalments remaining to be paid, calculated by reference to the latest such estimate.
(4) In this section "the road haulage capital loss" means the 25 amount by which the aggregate of the prices at which property is sold under section three or subsection (1) or subsection (2) of section five of this Act falls short of the sum of the following amounts, that is to say--..
(a) the aggregate net value of that property as at the times 30
of the respective sales, as shown in the books of the Commission but adjusted so as to take into account depreciation up to the time of the sale so far as not already taken into account; and
(b) the expenses incurred by the Commission in connection 35
with those sales, so far as not included in the sums shown in the books of the Commission as expenses deductible in computing the sums shown therein as net traffic receipts; and
(c) such sums as may be just in respect of any sums paid 40
or liabilities incurred by the Commission before the sales for rights or benefits which, as the result of the sales, are not, or are not wholly enjoyed by the Com- mission; and
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