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National Freight Corporation 44 The National Freight Corporation is to

20th September 1968, Page 213
20th September 1968
Page 213
Page 213, 20th September 1968 — National Freight Corporation 44 The National Freight Corporation is to
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be a public corporation. It is a free-standing statutory authority, the board of which is appointed by and answerable to the Minister of Transport. It differs from most other public authorities in that (like the Steel Corporation) it will (initially at least) own only shares in companies—companies which are basically "road haulage" in character.

4.5 The NFC will thus bring together in one family:—

(a) the existing THC interests in freight companies; (b) the BR Sundries Company; (c) the BR Freightliner Company in which NFC will have a controlling interest.

4.6 In other words, the NFC links up all the road haulage interests in the old BTC which under the 1962 Act were divided between BR and THC.