OUBINA LAGO c. ESPAGNE

to search and bore for and get petroleum within the meaning of the said Act of 1934 in the sea bed and subsoil of the territorial waters of the United Kingdom adjacent to Great Britain and of any area for the time being designated under section 1(7) of the said Act of 1964;

where any crude natural gas or crude liquid petroleum has been got as aforesaid wholly or partly by or on behalf of the Corporation, to engage— in the treatment of that gas or petroleum for the purpose of rendering it saleable in crude state, and in the sale or supply of that gas or petroleum with or without such treatment;

to do anything and to enter into any transaction (whether or not involving the expenditure, borrowing in accordance with the provisions of section 1 of the Coal Industry Act 1965, or lending, of money, or the acquisition of any property or rights) which in the opinion of the Corporation is calculated to facilitate the proper exercise by them of their powers under paragraphs (a) and (b) of this subsection;

to dispose of any property or rights held by the Corporation for the purpose of the exercise of their powers under the said paragraphs (a) and (b) which are no longer required by the Corporation for that purpose;

to make available to other persons anything provided for the purpose of the exercise by the Corporation of their powers under the said paragraphs (a) and (b) so far as not for the time being required for use by the Corporation for that purpose.

to search and bore for and get petroleum within the meaning of the said Act of 1934 in the sea bed and subsoil of the territorial waters of the United Kingdom adjacent to Great Britain and of any area for the time being designated under section 1(7) of the said Act of 1964;

where any crude natural gas or crude liquid petroleum has been got as aforesaid wholly or partly by or on behalf of the Corporation, to engage— in the treatment of that gas or petroleum for the purpose of rendering it saleable in crude state, and in the sale or supply of that gas or petroleum with or without such treatment;

to do anything and to enter into any transaction (whether or not involving the expenditure, borrowing in accordance with the provisions of section 1 of the Coal Industry Act 1965, or lending, of money, or the acquisition of any property or rights) which in the opinion of the Corporation is calculated to facilitate the proper exercise by them of their powers under paragraphs (a) and (b) of this subsection;

to dispose of any property or rights held by the Corporation for the purpose of the exercise of their powers under the said paragraphs (a) and (b) which are no longer required by the Corporation for that purpose;

to make available to other persons anything provided for the purpose of the exercise by the Corporation of their powers under the said paragraphs (a) and (b) so far as not for the time being required for use by the Corporation for that purpose.