The Coal Industry Nationalisation (Interim Income) (Rates of Interest) Order 1954
EXPLANATORY NOTE
(This note is not part of the order, but is intended to indicate its general purport.) Section 26 of the Coal Industry Nationalisation Act, 1946 (as amended by the Coal Industry Act, 1951) provides, inter alia, that the Minister of Fuel and Power may make advances to the National Coal Board to enable them to defray expenditure properly chargeable to capital account and that the aggregate amount of the advances in any financial year shall not exceed £40m. or such greater amoun...