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Counter-Inflation Act 1973

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This is the original version (as it was originally enacted).

1Establishment of two Agencies: the Price Commission and the Pay Board

(1)There shall be established two Agencies to be called respectively the Price Commission and the Pay Board.

(2)Each Agency shall, subject to subsection (5) below, consist of not less than five and not more than twelve members appointed by the Secretary of State and the Minister of Agriculture, Fisheries and Food (acting jointly), in the case of the Price Commission and by the Secretary of State, in the case of the Pay Board.

(3)Her Majesty may, by Order in Council, provide for the amalgamation of the Price Commission and the Pay Board into a single Agency, to be known by such name as may be specified in the Order.

(4)An Order in Council under subsection (3) above—

(a)shall be subject to annulment in pursuance of a resolution of either House of Parliament;

(b)may contain supplemental and incidental provisions; and

(c)may make consequential amendments in any enactment, including this Act.

(5)The Secretary of State may, by an order contained in a statutory instrument subject to annulment in pursuance of a resolution of either House of Parliament—

(a)direct tot the minimum or maximum number of members of each Agency shall be a number greater or less than that specified in subsection (2) above;

(b)vary or revoke any previous order made by virtue of this subsection;

and an order made by virtue of this subsection may provide for the composition of the two Agencies to differ.

(6)The provisions of Schedule 1 to this Act shall have effect in relation to the advisory role of the Agencies and incidental matters relating to each of the Agencies, their members, officers, servants and proceedings.

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