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The Transport Holding Company (Dissolution) Order 1973

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Dissolution of the Transport Holding Company

3.—(1) On the dissolution date the Holding Company shall be dissolved.

(2) The Freight Corporation are designated as being, in the opinion of the Secretary of State, the person to whom on the dissolution date the property, rights and liabilities of the Holding Company which are relevant for the purposes of subsections (1) to (4) of section 2 of the Act of 1972 (which relate to pensions and compensation for loss of employment) will have been transferred in pursuance of section 53 of the Act of 1968, and accordingly as respects any period after the dissolution of the Holding Company the references in those subsections to that Company which are specified in Schedule 1 to this Order shall be construed as references to the Freight Corporation.

(3) As from the dissolution date the enactments specified in Schedule 2 to this Order are repealed to the extent specified in the third column of that Schedule.

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