Southern Railway Act 1923
| Jurisdiction | UK Non-devolved |
| Citation | 1923 c. lxxxiii |
| Year | 1923 |
13
&
14
GEO,
5.]
Southern
Railway [Ch, lxxxitt.1
Act, 1923,
CHAPTER lxxxiii.
An Act to empower the Southern Railway Com-
A.D.
1923.
pany to construct a floating dry dock and other
works and to acquire lands to extend the time
limited by certain Acts for the completion of
works and for the compulsory purchase of lands
to abandon a portion of the East Southsea
Branch Railway to transfer to the said Com-
pany the undertaking of the Lynton and Barn-
staple Railway Company and to the said Com-
pany and the London Midland and Scottish
Railway Company the undertaking of the
Somerset and Dorset Railway Company andfor
other purposes. [31st July 1923.]
HEREAS by the Railways -(Southern Group)
Amalgamation Scheme 1922 made in pursuance
of the Railways Act 1921 the London and South Western
Railway Company the London Brighton and South Coast
Railway Company the South Eastern Railway Company
the London Chatham and Dover Railway Company and
the South Eastern and Chatham Railway Companies
Managing Committee were amalgamated and their under-
takings and property vested in the Southern Railway
Company incorporated by the said scheme and herein-
after referred to as " the Company " :
And whereas it is expedient that the Company should
be empowered to construct the new floating dry dock
widenings of railway and other works by this Act
authorised and to acquire certain lands in this Act
[Price
8s, U. Net.] A
W
[Ch.
Ixxxiil]
Southern
Railway [13
&
H
GEO.
5,1
Act, 1923.
A.D.
1923.
described and that the acquisition of other lands already
— acquired by the Company should be sanctioned and
confirmed:
And wheieas it is expedient that the periods now
limited for the compulsory purchase of certain lands and
for the completion of certain railways by the Company
should be extended as provided by this Act:
And whereas it is expedient that the rates dues
tolls and charges now leviable in pursuance of the South-
ampton Docks Act 1871 at and in respect of the docks
undertaking of the Company at Southampton should
be varied as by this Act provided :
And whereas the use of the railway from Fratton to
East Southsea authorised by the Southsea Railway Act
1880 has for many years been discontinued owing to the
competition of street tramways and the absence of any
appreciable amount of traffic :
And whereas it is expedient that the maintenance
and use of the said railway should be abandoned and
discontinued and that the Company and the bodies and
persons affected should be empowered to enter into and
carry into effect agreements with reference to the removal
alteration ownership and maintenance of bridges roads
fences and accommodation works connected with the
said railway as by this Act provided :
And whereas by the Lynton and Barnstaple Railway
Acts 1895 and 1901 the Lynton and Barnstaple Railway
Company (hereinafter referred to as " the Lynton
Company ") was incorporated and authorised to construct
and work the railways therein mentioned :
And whereas the capital of the Lynton Company
consists of twenty-six thousand five hundred pounds
four per centum first debentures fifteen thousand nine
hundred pounds four and a half per centum second deben-
tures and eight thousand five hundred ordinary shares
of ten pounds each :
And whereas the whole of the said debentures and
ordinary shares excepting four hundred and eighty-three
of the said ordinary shares are now held by the Company
or their nominees and it is expedient that the under-
taking of the Lynton Company should be transferred to
and vested in the Company on the terms in this Act
mentioned and that the Lynton Company should be
dissolved as provided by this Act;
%
[13 & 14
GEO.
5.]
Southern
Railway [Ch. Ixxxiii.]
Act, 1923.
And whereas by the Somerset and Dorset Companies A.D. 1923.
Amalgamation Act 1862 the Somerset and Dorset ~~
Railway Company (hereinafter referred to as " the
Somerset Company") was incorporated and is now the
owner of a railway undertaking extending from Bath and
Burnham to Wimborne thus forming connections between
the railways of the Company and the London Midland
and Scottish Railway Company (hereinafter referred to
as " the Midland Company ") incorporated by the North
Western Midland and West Scottish Group Amalgamation
Scheme 1923:
And whereas by the Somerset and Dorset Railway
Leasing Act 1876 the undertaking of the Somerset
Company was rested by way of lease in the London and
South Western Railway Company and the Midland
Railway Company (whose undertaking is now vested in
the Midland Company) for a term of nine hundred and
ninety-nine years subject to the payment of certain
rents therein referred to and is now managed and worked
by a joint committee of the Company and the Midland
Company appointed in pursuance of the said Act of
1876:
And whereas by the Midland Railway Acts 1889
and 1891 the Midland Railway Company and
th%
London
and South Western Railway Company were authorised
to enter into agreements for the redemption of the rents
payable under the said Act of 1876 by the issue to the
shareholders and debenture holders of the Somerset
Company of such amounts of debenture stock of the
Midland Railway Company or the London and South
Western Railway Company as might be agreed upon
with such shareholders and debenture holders respectively:
And whereas in pursuance of the said powers
debenture stock of the Midland Railway Company has
been issued to the holders of and in exchange for the
stocks of the Somerset Company to the extent of two
million four hundred and forty-seven thousand seven
hundred and seventeen pounds out of a total issued
capital of the Somerset Company of two million four
hundred and fifty thousand two hundred and sixty-
seven pounds and certain of the preference and ordinary
stocks of the Somerset Company which have been
exchanged have been transferred to and are now vested
in nominees of the Company and the Midland Company:
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