Great Western Railway (Ealing and Shepherd's Bush Railway Extension) Act 1936
| Jurisdiction | UK Non-devolved |
| Citation | 1936 c. lxv |
| Year | 1936 |
[26
GEO.
5. &
Great Western Railway
[Ch. lxv.]
1
EDW.
8.]
{Ealing
and
Shepherd's Bush
Railway Extension)
Act, 1936.
CHAPTER lxv.
An Act to empower the Great Western Railway A;D. 1936.
Company to construct railways and to acquire
lands to authorise financial arrangements with
respect to certain works and facilities to be
provided by the said Company under an agree-
ment with the Treasury in connection with
passenger transport services in the London
Transport Area and to raise additional capital
and for other purposes. [14th July 1936.]
W
HEREAS
it is
expedient that
the
Great Western
Railway Company
(in
this
Act
referred
to as " the
Company") should
be
empowered
as by
this
Act
provided
to
construct
the
railways
and
other works
and exercise
the
powers
by
this
Act
authorised
and to
acquire
for the
purposes
of
this
Act and for the
general
purposes
of
their undertaking
and
works connected
therewith
the
lands
in
this
Act
described
or
referred
to :
And whereas
on the
twentieth
day of
June
one
thousand nine hundred
and
thirty-five
an
agreement
(in this
Act
referred
to as " the
Treasury agreement
")
was entered into between
the
Treasury
of the
first part
the London Passenger Transport Board
of the
second
part
the
Company
of the
third part
and the
London
and North Eastern Railway Company
of the
fourth
part (which parties
of the
second third
and
fourth parts
'
[Price
2s. 6d.
net]
A 1
[Ch. lxv.] Great Western Railway [26
GEO.
5. &
(Ealing and Shepherd's Bush 1 Emv. 8.]
Railway Extension) Act, 1936.
A.D.
1936. are in the Treasury agreement and in this Act referred
to as " the transport undertakers ") with a view to the
facilities for passenger transport in the London Passenger
Transport Area which will be provided by the con-
struction of the works set out in the scheme of works
contained in the First Schedule to the Treasury agreement
being made available as speedily as possible subject to
such variations and additions as are referred to in the
Treasury agreement:
And whereas the portion of the works set out in
the First Schedule to the Treasury agreement which
the Company are required to provide comprises the
works described in Part II of that schedule being the
railways and works by this Act authorised and con-
stituting an extension of the Ealing and Shepherd's
Bush railway of the Company authorised by the Great
Western Railway (New Railways) Act 1905 :
And whereas with a view to facilitating the raising of
the moneys necessary for the execution of the said scheme
of works it is provided by the Treasury agreement that
subject to the sanction of Parliament the Treasury shall
cause a company to be formed for the purpose of raising
and lending to the transport undertakers a sum or sums
of money not exceeding in the aggregate forty million
pounds and that the sum or sums raised by the issue of
securities of the said company shall be guaranteed as to
principal and interest by the Treasury in accordance
with the terms of an agreement to be entered into
between the Treasury and the said company :
25
&
26 And whereas by the London Passenger Transport
Geo.
5.
c.
27.
(Agreement) Act 1935 in the schedule to which the
Treasury agreement is set out the Treasury are authorised
to guarantee the payment of the principal of and the
interest on securities to be issued by the said company
to be formed as aforesaid :
And whereas the Treasury pursuant to and in
accordance with the terms of the Treasury agreement
caused the London Electric Transport Finance Corpor-
ation Limited (in this Act referred to as " the finance
corporation ") to be incorporated and such company was
19
&
20 incorporated under the Companies Act 1929 on the tenth
Geo.
5.
c
23.
day of July one thousand nine hundred and thirty-five :
2
5 Edw. 7.
c. xcviii.
[26
GEO.
5. & Great Western Railway [Ch. lxv.]
1
EDW.
8.] {Ealing and Shepherd's Bush
Railway Extension) Act, 1936.
And whereas on the eleventh day of July one A.D. 1936
thousand nine hundred and thirty-five the agreement -—
set forth in the First Schedule to this Act (in this Act
referred to as " the scheduled agreement ") was entered
into between the finance corporation of the first part
the London Passenger Transport Board of the second
part the Company of the third part and the London and
North Eastern Railway Company of the fourth part (the
scheduled agreement being supplemental to the Treasury
agreement) :
And whereas by the scheduled agreement it is
provided that the parties thereto of the second third
and fourth parts shall as soon as practicable apply to
Parliament for and use their best endeavours to obtain
the statutory powers and provisions referred to in the
scheduled agreement and all other statutory powers
necessary to enable the scheduled agreement to be
carried into effect:
And whereas by the scheduled agreement it is
provided that the finance corporation shall lend to the
transport undertakers and that the transport under-
takers respectively shall subject to the grant to the
transport undertakers respectively of the statutory
powers specified in the scheduled agreement borrow from
the finance corporation such sums of money as shall be
required by the transport undertakers respectively to
enable them to carry out their respective parts of the
scheme of works contained in the First Schedule to the
Treasury agreement:
And whereas for the purpose of enabling the Com-
pany to borrow such sums of money as aforesaid it is
expedient to confer upon the Company the powers in
this Act contained with respect to borrowing and the
creation and issue of debenture stock of the Company:
And whereas plans and sections showing the lines
and levels of the railways and other works by this Act
authorised and plans showing the lands by this Act
authorised to be acquired compulsorily and also books of
reference containing the names of the owners and lessees
or reputed owners and lessees and of the occupiers of
those lands were duly deposited with the clerk to the
council of the administrative county of Middlesex and
A 2 3
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