The Coal Industry Nationalisation Act 1946 received
royal assent on 12 July 1946. Its long title is 'An Act to establish public ownership and control of the coal-mining industry and certain allied activities; and for purposes connected therewith.'
Provisions The provisions of the act comprise 65 sections in nine parts, plus four schedules. •
The National Coal Board • : Sections 1–4: Establishment of National Coal Board, its functions, constitution, power of the Minister, and establishment of Consumers' councils, •
Transfer of assets to the Board • : Sections 5–9: Transfer of assets; interests in patents and designs; rights and liabilities; use of certain property; determination of questions of transfer, •
Compensation for transfer of assets • : Sections 10–16: Compensation for transfer and basis for assessment; allocation of transferred interests; Central and District Valuation Boards; compensation; payment of costs; time limits, •
Compensation for severance, and refunds of capital outlay • : Sections 17 & 18: Compensation for severance; refund of capital outlay •
Satisfaction and disposal of compensation • : Sections 19–25: Date of compensation; recipients of compensation; mode of satisfaction; interim income; satisfaction of compensation; restrictions on disposal of stock; protection; debenture and shareholders of companies, •
Financial provisions • : Sections 26–35: Advances by the minister; borrowing powers; payments to the minister; reserve fund; surplus revenues; accounts and audits; issue of stock; general provisions of stock; Consolidated Fund; payments and advances to the Board; account of receipts, •
Savings, and provisions consequential on nationalisation • : Sections 36–45: Provision of superannuation rights; transfer of property; functions of the Coal Commission; abolition of coal advisory committee; Miners' Welfare Commission; safety and health research; winding-up of coal-selling schemes; Doncaster Drainage District, •
Miscellaneous provisions as to the Board • : Sections 46–54: Terms and conditions of employment; taxation; transfer of liability for subsidence; liability of the board; workmen's compensation liabilities; documents of the board; plans of workings; transferred documents; annual report, •
General • : Sections 55–65: Payment of certain expenses; disclosure of information; penalties; prosecutions and offences; notices; arbitration; regulations; interpretation application to Scotland; short title, extent and repeal. •
First schedule • : Assets to be transferred to the board •
Second schedule • : Transfer to the board of rights and liabilities under contracts •
Third schedule • : Provisions as to Selling Schemes under part I of the
Coal Mines Act 1930, and as to the South Yorkshire Mines Drainage Committee •
Fourth schedule • : Enactments repealed == Later enactments ==