CAB129-53 — Page 52

15 & 16 GEO. 6

Transport

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5

& 1 ELIZ. 2

(c) any consent or authority for temporary borrowings given by the Minister under the said subsection (1) shall require the approval of the Treasury;

(d) nothing in the said section eighty-eight shall apply to any borrowings of the Commission from any body which, within the meaning of subsection (6) of section one hundred and one of the Transport Act, 1947, is completely controlled by the Commission:

Provided that nothing in paragraph (b) of this subsection shall 10 prevent the Commission from borrowing in excess of the sum therein referred to for the purpose of redeeming any British transport stock which they are required or entitled to redeem, or of repaying any money temporarily borrowed under sub- section (1) of the said section eighty-eight.

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Any additional sums which, by reason of the amendments effected by the preceding provisions of this subsection, are required by the Treasury for fulfilling any guarantee of British transport stock shall be charged on and issued out of the Con- solidated Fund of the United Kingdom or the growing produce thereof.

(2) The Commission shall have power to engage in any activi- ties which the Minister may from time to time think fit in the interests of national defence to authorise or direct them to engage in, and the limitations imposed by the provisos to subsections (2) and (3) of section two of the Transport Act, 1947, and by sub- section (4) of that section shall not apply to any such activities:

Provided that the Minister shall not authorise or direct the Commission to engage in any form of activity falling within the scope of the said limitations unless he is satisfied that, unless, 30 he gives the direction or authority, work required in the interests of national defence cannot be carried out or cannot be carried out without serious risk of undue delay or of loss of efficiency.

(3) The obligation imposed on the Commission-

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(a) by subsection (2) of section twenty-one of the Railways Act. 1921, to repay to the Minister the remuneration of the members, officers and servants, and other ex- penses, of the Transport Tribunal, so far as they are not met out of the amount recovered by way of fees. and

(b) by sub-paragraph (2) of paragraph 7 of the Tenth Schedule to the Transport Act, 1947, to pay to the Minister the remuneration and expenses of persons appointed from any panel of the said Tribunal and of certain additional members of the said Tribunal, so far as they are not met out of the amount recovered by way of fees,

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A.D. 1952

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اكا

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