CAB129-53 — Page 130

15 & 16 GEO. 6

& 1 ELIZ. 2

-

Transport

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7.

resulting from the invitation, and in that event subsections (4) and (5) of the last preceding section, the next following section and the First Schedule to this Act shall have effect as if the transaction had been purchase in pursuance of the invitation 5 and as if all such things had been done as would have fallen to be done if the transaction had been such a purchase, and, without prejudice to the generality of the preceding provisions of this subsection, references in the said provisions of this Act to transport units, to purchasers of transport units and to addi- 10 tional vehicles shall be construed accordingly:

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20

25

Provided that, without prejudice to the power of the Minister to give or refuse his consent under this subsection in any case and on any ground, the Minister shall so exercise his powers under this subsection as to secure that—

(a) the total weight unladen of the motor vehicles made over thereunder to companies incorporated in pursuance of the said subsection (1) does not exceed the total 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 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 30 indirect control of the Commission, include information as to the principal activities of the company and be so framed as to show, 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.

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A.D. 1952.

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 undertaking that it is impracticable or inexpedient to dispose of otherwise than that property as or as part of a transport unit, they may, with units. the consent of the Minister, dispose of that property otherwise 40 than as or as part of a transport unit.

45

Any consent of the Minister under this subsection may be 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

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B

in transport

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