National Freight Corporation (finance)
17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1
18 Capital grants.
1
The Secretary of State may, with the approval of the Treasury, out of money provided by Parliament make grants to the National Freight Corporation in respect of any expenditure of a capital nature incurred or to be incurred during the period 1st July 1978 to 31st December 1981 by National Carriers Limited or any of its subsidiaries.
2
Any grants under this section shall be made on such terms and conditions as the Secretary of State may with the approval of the Treasury determine; and the amounts of the grants shall be determined so that—
a
the amount for the year 1980 is less than that for the year 1979, and the amount for the year 1981 is less than that for the year 1980; and
b
the aggregate amount of the grants does not exceed £15 million.
19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2
F421 Travel concessions for transferred employees.
The Secretary of State may, with Treasury approval, out of money provided by Parliament reimburse the National Freight Corporation to such extent as he considers appropriate, and on such terms as he may with that approval determine, in respect of amounts paid by N.F.C., N.C.L. or any subsidiary of N.C.L. to the British Railways Board and F3the London Transport ExecutiveF3London Regional Transport in connection with travel concessions afforded by them to employees transferred from the employment of the Board under the 1968 Act, or to F4surviving spouses, surviving civil partners or dependants of such employees.