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Air Travel Reserve Fund

Volume 886: debated on Thursday 20 February 1975

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Resolved,

That any Act of the present Session to make provision for establishing a fund from which payments may be made in certain cases in respect of losses or liabilities incurred by customers of air travel organisers in consequence of the inability of the air travel organisers to meet their financial commitments in respect of certain descriptions of travel contracts, and for establishing an agency to hold, manage and apply the fund, may make provision—
  • (a) for requiring contributions from air travel organisers for the purposes of the fund; and
  • (b) for the payment into the Consolidated Fund of any sums received by the Secretary of State in repayment of any loans made by him to the agency under that Act—[Mr. Stoddart.]