CAB129-53 — Page 38

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5

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15 & 16 GEO. 6

& 1 ELIZ. 2

Transport

the extent to which that discontinuance or curtailment has led to a loss of net railway revenue and, in particu- lar, to any changes in the number of vehicles authorised under A, B and C licences, and in the volume of the traffic carried by rail, not being changes due to general variations in the level of industrial activity; and (b) disregard any loss of net railway revenue which the Commission could have avoided by economies which they could reasonably have effected in consequence of the discontinuance or curtailment :

Provided that, in the case of any period other than the first period, the members of the Tribunal shall not enter again into any matters considered by them in making their estimate for any previous period and, save as provided by subsection (4) of this 15 section, shall treat their conclusions as to those matters as final.

(3) For the purpose of enabling the permanent members of the Transport Tribunal to make any such estimate as aforesaid, the president or acting president of the Tribunal shall have the same powers as respects the attendance and examination of 20 witnesses and the production and inspection of documents as the Tribunal have for the purposes of the exercise of their functions as such, and when the permanent members of the Tribunal have made their estimate for any period, they shall transmit that estimate to the Minister,. together with such a 25 statement of their reasons for arriving at that estimate as they think fit, and the Minister shall lay a copy of their estimate and their statement before each House of Parliament.

(4) Subject to the provisions of this subsection, on the first day of July in each of the three years next following the end 30 of the period for which such an estimate as aforesaid has been transmitted to the Minister, there shall become due to be paid to the Commission out of the Transport Fund an amount equal to the amount of the estimate:

Provided that if the Minister, after consultation with the 35 permanent members of the Tribunal, is of opinion that, in making the estimate, any loss falling to be disregarded under paragraph (b) of subsection (2) of this section has not been disregarded, he shall lay a statement to that effect before each House of Parliament, setting out his conclusions and specifying the amount 40 which in his opinion ought to have been but was not disregarded, and the amount which becomes due as aforesaid to be paid to the Commission out of the Transport Fund on the first day of July in each of the three years in the period next following the period for which the estimate was given shall be reduced by 45 the amount specified in the Minister's statement.

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C2

A.D. 1952

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