CHAPTER 55.
An Act to provide for the reorganisation and further regulation of Railways and. the discharge of liabilities arising in connection with the possession of Railways, and otherwise to amend the Law relating to Railways, and to extend the duration of the Rates Advisory Committee.
[19th August 1921.]
Be it enacted by the King's most Excellent Majesty, and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—
Part I
Reorganisation of Railway System.
Grouping of railways
1.—(1) With a view to the reorganisation and more efficient and economical working of the railway system of Great Britain railways shall be formed into groups in accordance with the provisions of this Act, and the principal railway companies in each group shall be amalgamated, and other companies absorbed in manner provided by this Act.
(2) The groups to be formed shall be those specified in the first column of the First Schedule to this Act, and as respects the several groups the railway companies to be amalgamated (in this Act referred to as " constituent companies ") shall be those set out in relation to each group in the second column of that schedule, and the companies to be absorbed (in this Act referred to as " subsidiary companies ") shall be those set out in relation
