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Catalogue description Air Travel Reserve Fund Agency: Minutes
| Reference: | BS 21 |
|---|---|
| Title: | Air Travel Reserve Fund Agency: Minutes |
| Description: |
Minutes of the Air Travel Reserve Fund Agency relating to the agency's activities in holding, managing and applying the Air Travel Reserve Fund. |
| Date: | 1975-1986 |
| Held by: | The National Archives, Kew |
| Legal status: | Not Public Record(s) |
| Language: | English |
| Creator: |
Air Travel Reserve Fund Agency, 1975-1986 |
| Physical description: | 2 files and volumes |
| Access conditions: | Subject to 30 year closure |
| Publication note: |
Published annual reports of the agency are available for public inspection, by prior appointment, at the Library of the Department of the Environment, 2 Marsham Street, London SW1. |
| Administrative / biographical background: |
The Air Travel Reserve Fund was set up under the Air Travel Reserve Fund Act 1975. Its purpose was to provide payment to customers for losses due to air travel organisers not being able to meet their financial commitments, a move prompted by the collapse of several such firms the previous year. The fund was raised by a levy on all packaged air travel holiday customers between the year 1975 and 1977, and was collected by the Civil Aviation Authority (CAA). The Air Travel Reserve Fund Agency was a body corporate set up in May 1975 under the act for the purpose of holding, managing and applying the assets of the fund. The agency consisted of a chairman and representatives of the CAA and the travel trade. The fund was wound up in 1986, as was the Agency whose responsibilities were transferred to the CAA. |
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