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Air Corporations Act 1966

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4Duration of ss. 2 and 3

(1)Subject to subsection (2) below, the provisions of sections 2 and 3 of this Act, and of section 1(3) of this Act so far as it relates to the said section 2, shall continue in force until 31st March 1971 and then expire.

(2)The Minister may by order direct that the said provisions—

(a)shall continue in force permanently after the date on which they would otherwise expire ; or

(b)shall continue in force after that date for such period as may be specified in the order and then expire.

(3)Any order under the last foregoing subsection shall be made by statutory instrument; and no such order shall be made unless a draft of the order has been approved by a resolution of each House of Parliament.

(4)Upon the expiry of the provisions mentioned in subsection (1) above—

(a)any sums which have been paid by the Minister to the British Overseas Airways Corporation under section 2 of this Act, including any sum deemed to have been, or treated as having been, so paid by virtue of any of the foregoing provisions of this Act, shall be deemed to have been borrowed by the Corporation from the Minister on the date of such expiry and to have been then advanced by him to the Corporation under section 3 of the Air Corporations Act 1962 (but not so as to subject to the limit imposed by section 12(1) of the principal Act any sums in respect of which a direction may have been given under section 2(3)(b) of this Act);

(b)section 5 of this Act shall apply to the said Corporation as it applies to the British European Airways Corporation;

and section 38(2) of the Interpretation Act 1889 (effect of repeals) shall apply as if the said provisions had been then repealed by another Act.

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