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Vested Property

Volume 438: debated on Monday 9 June 1947

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141.

asked the Minister of Fuel and Power what steps he has taken under Section 3 (4) of the Coal Industry Nationalisation Act, 1946, to obtain information with respect to the property and activities of the National Coal Board and with what results; and what steps he has taken in pursuance of the powers granted to him by the said Section to verify the information.

Full information as to property which has vested in the Board under the Act is in course of being supplied to me under the Coal Industry Nationalisation (Options and Constitution of Compensation Units) Regulations, 1946 (S.R. & O. 1946 No. 1574); and statistical and other periodical returns, forming the basis of the Ministry's published summaries, are obtained from the Board under other provisions in the same way as they were obtained from mine owners in the past. The form of annual accounts to be presented by the Board and matters arising under Subsections (2) and (3) of Section 3 of the Coal Industry Nationalisation Act, 1946, are under discussion between my Department and the Board. No occasion has arisen to invoke the provisions of Subsection (4) of that Section.