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Transport Act 1962

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This is the original version (as it was originally enacted).

2There shall be transferred to the London Board—

(a)liability under Part VII of the London Passenger Transport Act, 1933 (which relates to compensation for loss of employment),

(b)liability to pay any unclaimed dividend or redemption money in respect of any securities created under the London Passenger Transport Act, 1933,

(c)liability under the guarantee of Central London (New) Guaranteed Assented Stock, and

(d)liability in respect of any payment (whether by way of remuneration, pension or otherwise) to be made to a member of the London Transport Executive under the Second Schedule to the Transport Act, 1947, or section seventy-nine of this Act.

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