§ Sir J. Mellorasked the Minister of Transport why he amended S.R. & O., 1947, No. 2686 by S.I., 1949, No. 183; and whether there was any urgent need for this amendment.
§ Mr. BarnesThe amendment enables the British Transport Commission in future to open one Redemption Fund Account for all stock issued in any one calendar year to satisfy rights to compensation under the Transport Act, 1947, in lieu of separate redemption fund accounts for every such issue made during the year. It was desirable to make the amendment before the next issue of stock.