9Powers etc. of Commission on and after 3 January 1961

9 Powers etc. of Commission on and after 3 January 1961

On and after the third day of January, One thousand nine hundred and sixty‑one:

(a) section seven, subsection (1) of section fourteen, subsection (1) of section fourteen A and section fourteen C of the Aluminium Industry Act 1944‑1956 shall not apply in relation to the Commission;

(b) the Commission shall have such powers (including power to borrow money as provided by section twelve of the Aluminium Industry Act 1944‑1956) as are necessary for the purpose of carrying out or giving effect to the Agreement and of winding up its affairs but shall not have any other powers; and

(c) the Commission shall keep such accounts as are appropriate having regard to the preceding paragraphs of this section.