§ Mr. Frank Taylorasked the Minister of Transport (1) what will be the basis of compensation for the acquisition of leasehold properties used for the operation of municipally-operated buses in Manchester by public transport authorities; and how this cost to public funds will be met;
(2)what will be the basis of compensation for the acquisition of freehold properties used for the operation of municipally-operated buses in Manchester by public transport authorities; and how this cost to public funds will be met;
(3)what will be the basis of compensation for the acquisition of municipally-operated buses in Manchester by public transport authorities; and how this cost to public funds will be met.
§ Mr. SwinglerWe are proposing in the Transport Bill that there should be provision for local authorities, whose bus undertakings are transferred to Passenger Transport Executives, to receive contributions towards any costs they incur through 253W the severance of the undertakings from other activities of the authority.
Apart from this the transfer of assets associated with local authority bus undertakings would be on the usual statutory basis for the transfer of assets from one public authority to another; that is, it would include the transfer of interests of the authority in fixed or moveable property and of all liabilities as well as rights incurred in connection with the undertaking.