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Cable and Wireless Act 1946 (c. 82)

Cable and Wireless Act 1946 1946 CHAPTER 82 9 and 10 Geo 6 An Act to bring the share capital of Cable and Wireless Limited into public ownership, to provide for the cost of making certain payments to that company in connection with reduction in its charges and for purposes connected with matters aforesaid. [6th November 1946]

Legislation

Table of Content

1. Transfer of shares, and right to compensation therefor. U.K.

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 U.K.

3. Consequential provisions as to operating company. U.K.

4. Consequential provisions as to associated companies. U.K.

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6 U.K.

7. Interpretation. U.K.

8. Short title. U.K.

1. Transfer of shares, and right to compensation therefor. U.K.

2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 U.K.

3. Consequential provisions as to operating company. U.K.

4. Consequential provisions as to associated companies. U.K.

5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F6 U.K.

7. Interpretation. U.K.

8. Short title. U.K.

Section 1

1. Transfer of shares, and right to compensation therefor. U.K.

(1) On the appointed day all the shares of Cable and Wireless Limited (hereafter in this Act referred to as “ the operating company ”) other than shares already held on behalf of the Treasury shall, by virtue of this section, be transferred, free of all trusts, liabilities and incumbrances, to such persons respectively as the Treasury may by order nominate, to be held by those persons on behalf of the Treasury. (2),(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 Textual Amendments F1 Ss. 1(2)(3) , 2 , 4(1)-(3) , 5 , 6 , Schs. 1-3 repealed by Statute Law (Repeals) Act (c. 45), Sch. 1 Pt. IX

Section 2