§
In every Railway Bill, Tramway Bill, or Subway Bill whereby the construction of any new line is authorised, or the time for completing any line already authorised is extended; if such Bill be promoted by an existing Railway Company, Tramway Company, or Subway Company which is not possessed of a Railway, Tramway, or Subway already opened for public traffic, or which has not during the year last past paid dividends on its ordinary share capital; or by an existing Railway Company, Tramway Company, or Subway Company, when the capital, to be raised under the Bill is greater than the existing authorised capital of the Company, or by persons not already incorporated,, a clause to the following effect shall be inserted, viz.:—
(B.) Whereas, pursuant to the Standing Orders of both Houses of Parliament, and to "The Parliamentary Deposits Act, 1846," a sum of £, being five per cent. upon the amount of the Estimate in respect of the Railway or Tramway, authorised by this Act, has been deposited with the Court, that is to say, the Paymaster-General for and on behalf of" the Supreme Court in England, or the Accountant-General of the Supreme Court in Ireland, as the case may be; [or Exchequer Bills, Stocks, or Funds to the amount of £, have been deposited or transferred pursuant to the said Act. as the ease may be].
(C.) If the Company do not, previously to the expiration of the period limited by this Act for the completion of the Railway [Tramway or Subway] hereby authorised to be made (or the time for completion which is hereby extended) complete the said Railway [Tramway or Subway] and open it for public traffic [or, if a passenger Railway, for the public conveyance of passengers], then and in every such case the deposit fund, or so much thereof as shall not have been paid to the depositors, or any sum of money recovered by way of penalty as afore said, shall be applicable, and, after due notice in the "London Gazette" or "Dublin Gazette," as the case may require.
§ Amendments made: In paragraph (b) leave out the words "or the Accountant-Genpral of the Supreme Court in Ireland."
§ In paragraph (c) leave out the words "or Dublin Gazette, as the case may require."