Coal Industry Act 1967

Borrowing powers of the National Coal Board

1

Grants in connection with pit closures

2

Payments to redundant workers the in coal industry

3

Reimbursement of contributions to early retirement benefits

4

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Reimbursement of losses incurred by the National Coal Board in postponing pit closures

5

Reimbursement of additional cost of using coal in generating electricity or producing gas

6

• (1) Subject to the following provisions of this section, the appropriate Minister may, out of moneys provided by Parliament, make payments to the Central Electricity Generating Board, the North of Scotland Hydro-Electric Board, the South of Scotland Electricity Board or any area gas board reimbursing the amount by which the costs incurred between 31st July 1967 and 1st April 1971 by that board in using, in pursuance of an arrangement with the appropriate Minister, coal for the purpose of generating electricity or producing gas exceed the costs which would have been so incurred if that board had used another fuel for that purpose.

• (2) For the purposes of subsection (1) above the amount of any costs which have or would in the circumstances there mentioned have been incurred by a board shall be determined in such manner as may be agreed between the appropriate Minister and the board with the approval of the Treasury and shall be certified by the board's auditors.

• (3) The aggregate amount of the payments made under this section shall not exceed £45,000,000.

• (4) In this section " the appropriate Minister" means, as respects the North of Scotland Hydro-Electric Board and the South of Scotland Electricity Board, the Secretary of State and in any other case the Minister of Power.

Supplemental

7

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Short title, citation and extent

8

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SCHEDULE

1

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2

In section 1(4) for the words " £30,000,000 " there shall be substituted the words " £50,000,000 ".

3

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4

In section 3(2) for the words " £30,000,000 " there shall be substituted the words " £45,000,000 " and for the words from " half " onwards there shall be substituted the words " two-thirds of the relevant expenditure for that year (as certified by the Board's auditors) ".

5

Section 3(3)(a) shall cease to have effect.

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Editorial notes

[^c6736441]: S. 1 repealed by Coal Industry Act 1973 (c. 8), Sch. 2

[^c6736451]: S. 2 repealed with saving for grants under Coal Industry Act 1971 (c. 16), s. 1 in respect of Board's financial year ending in March 1978 or in any earlier year by Coal Industry Act 1977 (c. 39), Sch. 5 Pt. I

[^c6736461]: S. 3 repealed with saving by Coal Industry Act 1977 (c. 39), s. 7(10), Sch. 5 Pt. II

[^c6736661]: Ss. 5, 6 repealed by Coal Industry Act 1977 (c. 39), Sch. 5 Pt. II

[^c6736771]: Sch. paras. 1, 2 repealed by Coal Industry Act 1977 (c. 39), Sch. 5 Pt. II

[^c6736781]: Sch. paras. 3—5 repealed with saving for grants under Coal Industry Act 1971 (c. 16), s. 1 in respect of Board's financial year ending in March 1978 or in any earlier year by Coal Industry Act 1977 (c. 39), Sch. 5 Pt. I

[^key-9619e0ceed26ad12e0887671899d8a3f]: S. 8 repealed (27.3.2004) by Coal Industry Act 1994 (c. 21), s. 68(4), Sch. 11 Pt. III; S.I. 2004/144, art. 2, Sch.

[^key-2a477d1f9ca17547b1be6e3585da1b43]: S. 4 repealed (27.3.2004) by Coal Industry Act 1994 (c. 21), s. 68(4), Sch. 11 Pt. III; S.I. 2004/144, art. 2, Sch.

[^key-45d784b0583269f75a710223c5a220f3]: S. 7 repealed (27.3.2004) by Coal Industry Act 1994 (c. 21), s. 68(4), Sch. 11 Pt. III; S.I. 2004/144, art. 2, Sch.