Gas Undertakings Act 1932
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| Act of Parliament | |
 | |
| Long title | An act to amend the law with respect to gas undertakings. |
|---|---|
| Citation | 22 & 23 Geo. 5. c. 40 |
| Introduced by | Lord Bridgeman, 15 March 1932 (Lords) |
| Territorial extent | Great Britain |
| Dates | |
| Royal assent | 12 July 1932 |
| Repealed | 1 May 1949 |
Status: Repealed | |
| Text of statute as originally enacted | |
The Gas Undertakings Act 1932 (22 & 23 Geo. 5. c. 40) is an act of the Parliament of the United Kingdom which amended the law with respect to gas undertakings (coal-gas manufacturers and suppliers).
The legislation governing the gas industry had prohibited undertakings from co-operating with each other to most efficiently and profitably process and sell byproducts such as coke, tar, benzol and ammonia.[1] The proposed legislation enabled undertakers to buy shares in other gas companies to facilitate the marketing and sale of residual products. The Gas Undertakings Act 1932 aimed to address these issues.[1]
Gas Undertakings Act 1932
The Gas Undertakings Act 1932 received royal assent on 12 July 1932 Its long title is 'An act to amend the law with respect to gas undertakings.'[2]
Provisions
The act comprises five sections[2]
- Section 1: Power of undertakers to invest in securities of other companies.
- Section 2: Power of local authorities to borrow for purposes of act.
- Section 3: Application of profits on investments under this act.
- Section 4: Interpretation.
- Section 5: Short title, citation and extent. The act did not extend to Northern Ireland.