Page:Railways Act 1921 (ukpga 19210055 en).pdf/22

[Ch. 55.] out in addendum 2 of Command Paper 654 (1920).

(b) The sum of five million pounds shall be set aside for distribution subject as hereinafter provided amongst those railway companies who shall have established or shall establish to the satisfaction of the amalgamation tribunal their right to participate in the distribution of the sum of five million pounds mentioned in subsection of this section in accordance with the provisions of that subsection except that the words " the year nineteen hundred and twenty-two " shall be deemed to be substituted for the words " last four months of the year nineteen hundred and twenty-one " and the words " year nineteen hundred and thirteen" shall be deemed to be substituted for the words " same four months of the year nineteen hundred and thirteen " in the said subsection ;

(c) Any sum remaining out of the five million pounds after payment to the various railway companies under the preceding paragraph, including any interest which may have accrued, shall be divided between the whole of the companies to whom the said section applies (other than the companies referred to in subsection of this section) as if such sum and the interest thereon had been added to the twenty four million five hundred thousand pounds referred to in.

(3) No portion of the sum of sixty million pounds referred to in the said section of this Act or the interest thereon shall be allocated to any company which is neither itself conducting its traffic nor maintaining its undertaking unless the tribunal shall determine, on the application of such company, that such company would, but for the provisions of the last preceding section, be entitled to receive compensation from the Minister of the Crown under the, the , or otherwise arising out of or in respect of possession of their undertaking by the Crown, but no such application shall be made after the thirtieth day of April, nineteen hundred and twenty-two. The amount of such compensation shall be determined by 18