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Transport Act 1968

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Change 1

What to do with it
As published

43 Additional financial provisions as to Waterways Board.

(1) This section applies to the Waterways Board. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2A) The Scottish Ministers may from time to time make grants to the Board. (3) On 1st January 1969— (a) without prejudice to any further adjustment under section 53(5) of this Act, there shall be extinguished such part of the commencing capital debt of the Board under section 39 of the Act of 1962 as is required to be extinguished in order to reduce the commencing capital debt of the Board outstanding on that date to £3,750,000; (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) If in any accounting year of the Board there is an excess of the revenue of the Board over the total sums properly chargeable by them to revenue, the Scottish Ministers may require that excess, so far as it appears to them, after consultation with the Board, to be surplus to the requirements of the Board, to be paid over to the Scottish Ministers.

Your change, as a redline

43 Additional financial provisions as to Waterways Board.

(1) This section applies to the Waterways Board. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2A) The Scottish Ministers may from time to time make grants to the Board. (3) On 1st January 1969— (a) without prejudice to any further adjustment under section 53(5) of this Act, there shall be extinguished such part of the commencing capital debt of the Board under section 39 of the Act of 1962 as is required to be extinguished in order to reduce the commencing capital debt of the Board outstanding on that date to £3,750,000; (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) If in any accounting year of the Board there is an excess of the revenue of the Board over the total sums properly chargeable by them to revenue, the Scottish Ministers may require that excess, so far as it appears to them, after consultation with the Board, to be surplus to the requirements of the Board, to be paid over to the Scottish Ministers.

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Who it helps, what it costs, what it fixes. It is what persuades people to support it.

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