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Post Office Act 1969

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2(1)If, immediately before the appointed day, any sums of money that, by virtue of section 3(1) of the Post Office Act 1961, are subject to be paid by the Postmaster General into the Exchequer of the United Kingdom (that is to say, sums received by him by way of broadcast receiving licence revenue) are in his hands, the Post Office shall, on that day or as soon as practicable thereafter, pay equivalent sums to the Minister, who shall pay them into the Consolidated Fund.

(2)As soon as practicable after the appointed day, the Minister shall pay to the Post Office a sum equal to the difference between the aggregate of the sums paid, under section 3(2) of the Post Office Act 1961, into the Post Office Fund out of moneys provided by Parliament for paying the Postmaster General for discharging his functions under the Wireless Telegraphy Acts 1949 to 1967 and the Television Act 1964, in so far as broadcasting is concerned or otherwise in relation to broadcasting and the amount determined by the Minister, with the approval of the Treasury, to be the aggregate of the sums that, had this Act not passed, would have been paid, under that section, into that fund, out of moneys so provided for that purpose in respect of the period beginning with the day on which the first-mentioned Act came into operation and ending with the day immediately preceding the appointed day.

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