Search Legislation

Coal Industry Act 1977

Status:

This is the original version (as it was originally enacted).

3Grants in connection with stocks of coal or coke

(1)The Secretary of State with the approval of the Treasury may, out of money provided by Parliament, make grants in accordance with this section to the Board, or to any other person to whom this section applies, towards any cost incurred by that person in building up and maintaining stocks of coal or coke.

(2)This section applies to any person who carries on in Great Britain a business which consists wholly or mainly of the production of coal or coke.

(3)The costs in respect of which grants may be made to the Board under this section shall include those incurred by the Board in enabling stocks of coal or coke to be built up and maintained by the following of the Board's customers, namely, the Central Electricity Generating Board, the South of Scotland Electricity Board and the British Steel Corporation.

(4)For the purposes of this section no account shall be taken of any stocks of coal or coke for the time being owned by the person eligible for grant except in so far as they exceed such quantity as the Secretary of State may determine.

(5)In applying subsection (4) above, so much of the stocks held at any time by the customers mentioned in subsection (3) above as has been supplied by the Board but not paid for is to be treated as, or as having been, owned at that time by the Board.

(6)For the purposes of this section any wholly owned subsidiary of the Board shall be regarded as if its undertaking formed part of the Board's undertaking, and any costs incurred by it in building up and maintaining stocks of coal or coke were costs incurred by the Board.

(7)Grants under this section may be made subject to such conditions as the Secretary of State with the approval of the Treasury may determine.

(8)Grants may be made under this section towards costs incurred in the relevant period denned in section 5 of this Act, subject to the limit in that section.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources