Page:Railways Act 1921 (ukpga 19210055 en).pdf/63

[Ch. 55.] (3) Where an application for an order under the principal Act has been made to the Light Railway Commissioners before the passing of this Act, those Commissioners may, within the six months next after the passing of this Act, proceed with the application and submit to the Minister for confirmation any order made by them before the expiration of those six months, and in any such case the principal Act shall apply with respect to the order as if this section had not been passed, but at the end of the said six months the Light Railway Commissioners shall cease to hold, office.

Save as aforesaid, any application for an order under the principal Act shall be proceeded with as if it had been made under the principal Act as amended by this section.

Provisions as to purchase of land.

69. Where an order made under the principal Act incorporates the Lands Clauses Acts, it may incorporate those Acts subject to any modifications contained in the land order, being modifications of those Acts made or authorised to be made by the

Government advances to light railways

70.—(1) Where the Minister, with the approval of Government the Treasury, agrees. to make an advance under section advances to seventeen of the Ministry of Transport Act, 1919, for light rail the purposes of a light railway to be authorised by an order under the principal Act, the order may make such provision with respect to the limitation of the assessment of the light railway to local rates as might under proviso (a) of subsection (1) of section five of the principal Act have been made by such an order had the Treasury agreed to make a special advance under the principal Act as a free grant, and that proviso shall apply accordingly,

(2) The power of the Treasury under the principal Act to make advances to light railway companies shall cease, and sections four to six of the principal Act, except such of the provisions of section five as are applied by this section, are hereby repealed.

Power of councils to give guarantees.

71.—(1) The council of any county or borough or Power of district may be authorised by an order under the principal councils Act to guarantee or to join with any council, person, or to give body of persons in guaranteeing the whole or any part guarantee of the interest or dividends on any loan or share capital of a light railway company for such period and on such 59