The Iron and Steel (Compensation to Officers and Servants) (Amendment) Regulations 1964
The Iron and Steel (Compensation to Officers and Servants) (No. 2) Regulations 1953, provide that one of the conditions to be satisfied by a person claiming resettlement compensation for termination of employment is that the termination should have occurred not more than ten years after the coming into operation of those Regulations, i.e. not later than 31st December 1963. By substituting for that period a period of ten years from the exercise by the Iron and Steel Holding and Realisation Agency of their powers to secure the return of the employing company to private ownership (being the exercise which results in the loss of employment), the present Regulations extend the period during which claims for resettlement compensation may be made by persons who would otherwise have been prevented from doing so by reason of the postponement of the return of their employing company to private ownership. A necessary consequential extension is made to the time within which a claim must be put in.