Page:Railways Act 1921 (ukpga 19210055 en).pdf/7

[Ch. 55.] and in satisfaction of all claims arising there-under, of such securities of the amalgamated company, and of such amounts, as may be specified in the scheme; and

(c) shall incorporate Part V. of the subject to the provisions of this Act ; and may incorporate with or without modification any of the provisions of the  and the Acts amending that Act, and such modifications may provide that any committees appointed under section ninety-five of the Companies Clauses Consolidation Act, 1845, may comprise persons who, though not directors of the company; are proprietors and possess such other qualifications (if any) as may be provided by the scheme ; and

(d) shall give effect to the provisions contained in the to this Act with respect to the direction of the amalgamated company, and may, with the consent of the proprietors, provide for the payment of compensation out of the assets of a constituent company to the directors of the company who suffer loss by abolition of office ;and

(e) shall contain such provisions with respect to the management of any superannuation, pension, provident, widows' and orphans' and other benefit fund or funds established by any constituent company as may be necessary in consequence of amalgamation, so, however, as to preserve in all other respects the management of such funds unaltered until other provision is made by Parliament ; and

(f) shall incorporate the provisions contained in the to this Act with respect to existing officers and servants ; and

(g) may make such incidental and supplemental provisions as appear necessary or expedient in order to give full effect to the provisions of the scheme and the purposes of this Act:

Provided that the scheme may provide for the postponement for a period not exceeding five years, or, if for 3