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Valuation of railway hereditaments where net annual value of undertaking as a whole equals or falls below minimum value of undertaking as a whole.
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8.—Where at a quinquennial revision the net annual value of a railway company's undertaking as a whole for the purposes of such revision is nought or is equal to or less than the minimum value of such undertaking as a whole for the purposes of such revision the valuation of every railway hereditament in Saorstát Eireann forming part of such undertaking shall at such revision be fixed by the Commmissioner at an amount equal to the minimum valuation of such railway hereditament for the purposes of such revision, and the said amount shall be the valuation of such railway hereditament for the purposes of such quinquennial revision.
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