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| Information requirements on the Post Office company. |
65. - (1) The Treasury may, on or after the appointed day, serve notice on the Post Office company-
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(a) requiring it to supply to the Treasury such information- |
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(i) as the Treasury may reasonably require for the performance of their functions in relation to public sector finance, and
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(ii) as may be specified or described in the notice, and
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(b) specifying the time, place, manner and form in which any such information is to be supplied and the person to whom it is to be supplied. |
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(2) If a person makes default in complying with a notice under subsection (1), the court may, on the application of the Treasury, make such order as the court considers appropriate for requiring the default to be made good.
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(3) Any such order may, in particular, provide that all the costs or expenses of and incidental to the application shall be borne-
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(a) by the person in default, or |
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(b) if officers of a company are responsible for its default, by those officers. |
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(4) In this section "the court"-
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(a) in relation to England and Wales or Northern Ireland, means the High Court, and |
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(b) in relation to Scotland, means the Court of Session. |
| Exercise of functions through nominees. |
66. - (1) The Treasury or, with the consent of the Treasury, the Secretary of State may for the purposes of sections 52 or 53 appoint a person to act as the nominee, or one of the nominees, of the Treasury or the Secretary of State.
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(2) In accordance with directions given from time to time by the Treasury or, with the consent of the Treasury, the Secretary of State-
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(a) securities may be issued in pursuance of section 52 to a nominee of the Treasury or the Secretary of State appointed for the purposes of that section, and |
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(b) a nominee of the Treasury or the Secretary of State appointed for the purposes of section 53 may acquire securities in pursuance of that section. |
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(3) A person holding any securities or rights as a nominee of the Treasury or the Secretary of State by virtue of this section shall hold and deal with them (or any of them) on such terms and in such manner as the Treasury or, with the consent of the Treasury, the Secretary of State may direct.
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| Interpretation: Part IV. |
67. - (1) In this Part-
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"the appointed day" has the meaning given by section 51(8), |
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"debenture" includes debenture stock, |
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"the Post Office company" has the meaning given by section 51(8), |
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"relevant subsidiary" has the meaning given by section 52(8), |
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"securities", in relation to a company, includes shares, debentures, bonds and other securities of the company, whether or not constituting a charge on the assets of the company, and the right to subscribe for such securities, |
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"share rights" means, in relation to any shares, rights to subscribe for, or to acquire, the shares and any other rights in connection with the shares, |
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"shares" includes stock, and |
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"wholly owned by the Crown" has the meaning given by section 51(7). |
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(2) References in this Part to property, rights and liabilities of the Post Office are references to all such property, rights and liabilities, whether or not capable of being transferred or assigned by the Post Office.
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(3) It is hereby declared for the avoidance of doubt that-
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(a) any reference in this Part to property of the Post Office is a reference to property of the Post Office whether situated in the United Kingdom or elsewhere, and |
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(b) any reference in this Part to rights or liabilities of the Post Office is a reference to rights to which the Post Office is entitled, or (as the case may be) liabilities to which it is subject, whether under the law of the United Kingdom or of any part of the United Kingdom or under the law of any country or territory outside the United Kingdom. |
