2013 No. 2844

Transport

The Transport Holding Company (Capital Debts) (Revocations) (England and Wales) Order 2013

Made

Laid before the House of Commons

Coming into force

The Secretary of State, with the approval of the Treasury, makes the following Order in exercise of the powers conferred by sections 53(5) and 157 of the Transport Act 19681 and now vested in the Secretary of State2.

Citation, commencement and extent1

1

This Order may be cited as the Transport Holding Company (Capital Debts) (Revocations) (England and Wales) Order 2013 and comes into force on 20th December 2013.

2

This Order extends to England and Wales only3.

Revocations2

The following instruments are revoked—

a

The Transport Holding Company (Capital Debts) Order 19724;

b

The Transport Holding Company (Capital Debts) Order 19735; and

c

The Transport Holding Company (Commencing Capital Debt) (Extinguishment) Order 19736.

Signed by authority of the Secretary of State for Transport

Stephen HammondParliamentary Under Secretary of StateDepartment for Transport

We approve the making of this Order

Stephen CrabbDavid EvennettTwo of the Lords Commissionersof Her Majesty’s Treasury
EXPLANATORY NOTE

(This note is not part of the Order)

This Order revokes in England and Wales two instruments which reduced the commencing capital debt of the Transport Holding Company, and the Order which extinguished that debt. The Transport Holding Company was established under the Transport Act 1962 to take over administration of the state owned transport interests in shipping, travel and road transport from the British Transport Commission. The Transport Holding Company was dissolved on 31st March 1973.

A full regulatory impact assessment has not been produced for this instrument as no impact on the private, public or voluntary sectors is foreseen. The Explanatory Memorandum is published alongside the instrument on www.legislation.gov.uk.