HC Deb 08 November 1921 vol 148 c232W

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.