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A.D. 1952

Payments out of Transport Fund to Commission in respect of loss of railway revenue due to transfer of traffic from

rail to road.

Transport

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15 & 16 GEO. 6

& 1 ELIZ. 2

arrived at under paragraph (c) of this subsection shall be reduced by so much thereof as is properly apportionable to the property so transferred or retained.

In this subsection "net value " means value after deducting depreciation, and the references to values and sums shown in

5 the books of the Commission are references to the values and sums so shown after making all necessary adjustments of pro- visional items and, if the Commission in keeping their books for any year falling wholly or partly after the passing of this Act depart in any material respect from the principles and 10 practice applied by them in keeping their books for the years falling before the passing of this Act, all adjustments which are necessary to produce the result which would have been produced but for the departure.

(5) Interest shall be paid out of the Transport Fund to the 15. Commission at such times as the Minister may direct on so much of the amount required to be paid therefrom by subsection (1) of this section as is due and remains unpaid and, for the pur- poses of this subsection--

(a) the whole of the said amount shall be deemed to have 20

become due at the end of the transitional period; and (b) the proviso to subsection (1) of this section shall, with any necessary adaptations, apply in relation to the payments of interest as it applies in relation to the instalments.

13.—(1) As soon as may be after the end of each of the following periods, that is to say-

(a) the period of two years beginning with the first day

of January, nineteen hundred and fifty-three; and (b) each subsequent period of three years,

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30 the Minister shall obtain from the permanent members of the Transport Tribunal, acting as a consultative committee, an estimate of the average annual loss of net railway revenue for that period caused to the Commission by users of the services provided by the Commission for the carriage of goods 35 by rail having, since the passing of this Act, discontinued or curtailed their use of those services and instead availed them- selves of services for the carriage of goods by road.

(2) In making any such estimate the permanent members of the Transport Tribunal shall-

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(a) have regard to any evidence produced to them as to the extent to which persons have discontinued or curtailed their use of services provided by the Commission for the carriage of goods by rail and instead availed them- selves of services for the carriage of goods by road, and, 45

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