Queen's Recommendation having been signified—
That, for the purposes of any Act resulting from the Coal Industry Bill, it is expedient to authorise—
1.—(1) Grants to the National Coal Board out of money provided by Parliament, being grants for reducing or eliminating—
(2) In this paragraph "group deficit" means, in relation to a financial year of the Board, any deficit shown in any consolidated profit and loss account of the Board and any of their subsidiaries prepared by the Board in accordance with a direction given by the Secretary of State in respect of that year under section 8(1) of the Coal Industry Act 1971.
(3) The aggregate of the grants authorised by sub-paragraph (1) (a) above shall not exceed £1,200 million.
(4) The aggregate of the grants authorised by sub-paragraph (1) (b) above shall be subject to a limit of £600 million, capable of being increased by order to not more than £800 million; and that limit (as it applies for the time being) may be treated as increased by any amount by which the aggregate amount expended by way of grants authorised by sub-paragraph (1) (a) above falls short of the limit mentioned in sub-paragraph (3) above after reaching an amount equal to the amount of any such outstanding group deficit as is mentioned in sub-paragraph (1) (a) above.
Grants in connection with pit closures
2. Any increase in payments out of money provided by Parliament resulting from—
3. Any increase in payments out of money provided by Parliament resulting from—