Great Northern Railway Act, 1958

Discharge of certain liabilities of Board.

10.—(1) The capital liability of the outgoing Board to the Minister and to the Minister of Commerce, directed by subsection (2) of section 35 of the Act of 1953 to be shown in the accounts of the outgoing Board, is hereby discharged with effect as from immediately before the transfer date.

(2) The liabilities of the outgoing Board to the Minister in respect of payments made under subsection (3) of section 30 of the Act of 1953, or under subsection (3) of section 33 of that Act, are hereby discharged with effect as from immediately before the transfer date.