71. Restructuring of the functions of the British Coal Corporation.

(iii)     Restructuring of the British Coal Corporation's Undertaking

a.     In General

71.     Restructuring of the functions of the British Coal Corporation.

Since the restructuring date1 the British Coal Corporation2 continued to exist3 but with its functions confined to: (1) carrying on its undertaking4 for the time being; and (2) managing and otherwise dealing with the interests and rights in or in relation to property which were for the time being vested in it, in such manner as, having regard to what was economically viable, it considered best calculated for securing the following purposes5:

  1.  

    (a)     that all of the Corporation's