HC Deb 24 November 1971 vol 826 c1443

Queen's Recommendation having been signified—

Resolved, That, for the purposes of any Act of the present Session to make further provision with respect to the disposal of assets by and the dissolution of the Transport Holding Company, it is expedient to authorise—

  1. (1) the making out of moneys provided by Parliament of—
    1. (a) grants to the Company of such amounts as the Secretary of State thinks fit, and
    2. (b) grants to any person to whom liabilities of the Company are transferred under section 53 of the Transport Act 1968 of such amounts as the Secretary of State considers appropriate for the purpose of enabling or assisting that person to discharge those liabilities;
  2. (2) the payment out of such moneys of any expenses of a Minister of the Crown which are attributable to provisions of the said Act of the present Session relating to the designation of persons as transferees of any property, right or liability of the Company;
  3. (3) any release of money owing to the Crown which is attributable to provisions of the said Act of the present Sesion amending subsection (5) of the said section 53;
  4. (4) any increase attributable to the said Act of the present Session in the sums falling to be paid into the Consolidated Fund under section 29 of the Transport Act 1962.—[Mr. Eldon Griffiths.]