LegalizeThe National Freight Corporation (Commencing Capital Debt) Order 1976
Made: 1st March 1976
Laid before the House of Commons: 8th March 1976
Coming into Operation: 29th March 1976
The Secretary of State for the Environment, with the approval of the Treasury, hereby makes this Order in exercise of the powers conferred by paragraphs 1 and 4 of Schedule 2 to the Transport Act 1968 and now vested in him[^f00001] and of all other enabling powers:—
1
This Order shall come into operation on 29th March 1976 and may be cited as the National Freight Corporation (Commencing Capital Debt) Order 1976.
2
The amount of the commencing capital debt of the National Freight Corporation due to the Secretary of State, shall be £98,096,733.
Signed
Signed by authority of the Secretary of State,
John Gilbert — Minister for Transport — Department of the Environment — 27th February 1976
We approve the making of this Order.
Donald R. Coleman — James A. Dunn — Two of the Lords Commissioners of Her Majesty's Treasury — 1st March 1976
Explanatory note
EXPLANATORY NOTE
This Order fixes the commencing capital debt of the National Freight Corporation at £98,096,733. The sum represents the assets taken over by the National Freight Corporation from the Transport Holding Company and the British Railways Board under sections 4, 5 and 53 of the Transport Act 1968.
Footnotes
[^f00001]: S.I 1970/1681 (1970 III, p.5551).
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