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Notice of revision or purchase not to be given till funds for guarantee or purchase are provided by Parliament.
Bills empowering exercise of option not to be introduced without notice to company affected.
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4. And whereas it is expedient that the policy of revision or purchase should in no manner be prejudged by the provisions of this Act, but should remain for the future consideration of the legislature, upon grounds of general and national policy: And whereas it is not the intention of this Act that under the said powers of revision or purchase, if called into use, the public resources should be employed to sustain an undue competition against any independent company or companies: Be it enacted, that no such notice as herein-before mentioned whether of revision or purchase, shall be given until provision shall have been made by Parliament, by an Act or Acts to be passed in that behalf, for authorizing the guarantee or the levy of the purchase money herein-before mentioned, as the case may be, and for determining, subject to the conditions herein-before mentioned, the manner in which the said options or either of them shall be exercised; and that no Bill for giving powers to exercise the said options, or either of them, shall be received in either House of Parliament unless it be recited in the preamble to such Bill that three months notice of the intention to apply to Parliament for such powers has been given by the said lords commissioners to the company or companies to be affected thereby.
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