CAB129-53 — Page 51

A.D. 1952

Miscellaneous amendments

as to functions of Commission.

Transport

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15 & 16 GEO. 6 & 1 ELIZ. 2

as the Minister may think proper in relation to any matter which in his opinion is of sufficient general public importance to warrant his intervention and the Commission shall give effect to any such directions:

Provided that—

(a) no direction shall be given under this sub- section as to the charges to be made by the Com- mission unless it is a direction of a general character in relation to a matter which appears to the Minister to affect the national interest; and

(b) no direction shall be given under this sub- section as to wages and conditions of service ".

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(4) It shall be part of the duties of the chairman of the Commission (or, in his absence, of the member of the Commis- sion acting as such), to keep the Minister at all times adequately 15 informed as to all matters connected with the Commission or its undertaking which are material to be known to the Minister for the purpose of enabling him properly to discharge his duty as the Minister, and, in particular, and without prejudice to the generality of the foregoing provision, all matters which the 20 Minister might reasonably wish to consider for the purpose of determining whether to take any and if so what action in the exercise of his powers in relation to the Commission.

(5) The power conferred on the Minister by subsection (3) of section five of the Transport Act, 1947, to make provision as 25 to the number and names of the Executives shall include power to provide that there shall be no Executives.

23.—(1) The following provisions shall have effect as respects the borrowing powers of the Commission-

(a) the provisos to subsections (1) and (2) of section eighty- 30

eight of the Transport Act, 1947 (which impose limits of twenty-five million pounds and two hundred and fifty million pounds on temporary borrowings and borrowings by the issue of stock otherwise than for the purposes specified in paragraphs (b) and (d) of the said 35 subsection (2)) shall cease to have effect;

(b) the aggregate of the amounts outstanding-

(i) in respect of the principal of any British trans- port stock issued otherwise than for the purposes specified in paragraphs (b) and (d) of the said sub- 40 section (2); and

(ii) in respect of any temporary loans raised by the Commission under the said subsection (1),

shall not at any time exceed the sum of two hundred and seventy-five million pounds;

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