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Modifications of 23 & 24 Vict. c. 152.
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7. In the case of any light railway to which the provisions of this Act shall be applicable, the following modifications of the provisions of the Tramways and Public Companies (Ireland) Act, 1860, shall be made—
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(a) The first regulation contained in Schedule (A) to the said Act, Part V., shall be read and construed as if after the words “neighbourhood of the proposed tramway” there were added the words and figures following, that is to say:—
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“(6) The propriety of the amount fixed as the nominal capital for the construction of the light railway, and the amount of paid-up capital which will be necessary for the purposes of the undertaking, and also the amount of capital which will be necessary as a provision for working capital.
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“(7) The merits of the proposed light railway in all points of view as compared with any other light railway which might be constructed opening up communication through the same district as the proposed line.”
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(b) The inquiry directed by the ninth section of the Tramways (Ireland) Act, 1860, as altered by this Act, shall take place before any such application is made to the Treasury as herein-before is mentioned, and for the purpose of such inquiry and of enabling them to make their report thereon the Board of Works may obtain and use the assistance of such persons, with the consent of the Treasury as to number, skilled in the subjects of the inquiry, as the Board of Works may consider necessary.
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