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Amalgamated Railway Companies (New Capital)

Volume 148: debated on Tuesday 8 November 1921

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asked the Parliamentary Secretary to the Ministry of Transport what powers, by Regulation or otherwise, are possessed by the new groups of companies amalgamated under the Railways Act, 1921, to raise new capital?

For the financial and other powers which will be possessed by the amalgamated companies after their formation, I must refer my hon. and learned Friend to the Railways Act, 1921, and particularly to Section 3 of that Act.