Journal of the 827th Plenary Meeting of the Forum for Security Co-operation
Acquisition of shares.
subsection section-1-1
The Secretary of State may, with the consent of the Treasury, acquire shares—
level section-1-1-a
in British Leyland Motor Corporation Limited; and
level section-1-1-b
in any company formed for the purpose of acquiring shares in British Leyland Motor Corporation Limited.
subsection section-1-2
The aggregate of— shall not exceed £265 million.
level section-1-2-a
the sums paid by the Secretary of State for shares acquired under this Act; and
level section-1-2-b
the liabilities of the Secretary of State under agreements to acquire shares under this Act;
subsection section-1-3
Any expenditure incurred by the Secretary of State in persuance of this Act shall be defrayed out of moneys provided by Parliament.
Short title.
This Act may be cited as the British Leyland Act 1975.