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Post Office Act 1969

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3(1)If, immediately before the appointed day, there are in the hands of the Postmaster General any sums of money received by him from the Secretary of State for the payment on his behalf of benefit (as defined by section 114(1) of the National Insurance Act 1965 or section 86(1) of the National Insurance (Industrial Injuries) Act 1965), allowances under the Family Allowances Act 1965 or allowances or benefit under the Industrial Injuries and Diseases (Old Cases) Act 1967 or received by him in respect of sales of insurance stamps (within the meaning of the first- or second-mentioned Act of 1965), the Post Office shall, on that day, assume a liability to pay equivalent sums to the Secretary of State; and if, immediately before that day, any sums of money are owed by the Secretary of State to the Postmaster General for the purpose of reimbursing him sums paid by him on behalf of the Secretary of State by way of such benefit or allowances as aforesaid, the Secretary of State shall, on that day, assume a liability to pay to the Post Office sums equivalent to those owed.

(2)As soon as practicable after the appointed day, the Secretary of State shall pay to the Post Office a sum equal to the difference between the aggregate of the sums paid by him, the Minister of Social Security and the Minister of Pensions and National Insurance together in pursuance of subsection (2) of section 85 of the National Insurance Act 1965 (payment of the Postmaster General for work done by him in the execution of that Act and the other enactments mentioned in that subsection) to the Postmaster General and the amount agreed between him and the Post Office to be the aggregate of the sums that, had this Act not passed, would have been paid by him and those Ministers together in pursuance of that subsection to the Postmaster General in respect of" the period beginning with the day on which that Act came into operation and ending with the day immediately preceding the appointed day.

(3)The payment falling to be made in pursuance of the last foregoing sub-paragraph shall be defrayed as follows, that is to say.—

(a)so much as is attributable to work done by the Postmaster General in the execution of the National Health Service Contributions Act 1965, so much as is determined by the Treasury to be attributable to work done by him in the execution of section 28 of the Redundancy Payments Act 1965 and so much as is so determined to be attributable to work done by him in the execution of section 44 of the Finance Act 1966 (selective employment tax) shall be defrayed out of moneys provided by Parliament;

(b)the residue shall be defrayed as part of the expenses of the Secretary of State in carrying into effect the enactments mentioned in section 85(2) of the National Insurance Act 1965;

and, for the purpose of determining what part of the residue should be attributed to each respectively of the enactments so mentioned, it shall be apportioned between them in such manner as may be determined by the Secretary of State in accordance with any directions given by the Treasury.

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