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45
unless at the same time it purchases the whole of the electric
lighting undertakings in the County; the undertakings, if purchased,
are to be paid for upon the terms in Section 2 of the
Electric Lighting Act, 1888. The County Council may proceed to
purchase in August, 1931, or at the expiration of any subsequent
10 years, and may discharge not more than three-fourths of the
purchase-money by the issue to the company of London County
stock. The power of the Corporation of London and the Camberwell
Borough Council to purchase the electric lighting undertakings
in their respective areas is retained until August, 1927,
and the power of the Lambeth Borough Council to re-purchase
the undertaking in that Borough is retained until 1928. If not
purchased before those dates the power to purchase is to be
transferred to the County Council. The Bill, as amended, received
the Royal Assent on the 21st December last.
45. The object of this Bill was to enable the five electric
lighting companies mentioned in the Bill to enter
into agreements for mutual assistance, and to lay
connecting mains. As the Bill was referred to the
Committee of the House of Commons as the
two last-mentioned Bills, this Council presented a petition against
it. A clause, providing that neither of the companies in question
should oppose any Bill to constitute the County Council the purchasing
authority of their undertakings having been inserted in
the Bill, this Council took no further steps with regard to the
measure, which received Royal Assent on the 21st December last.
London (Westminster
and
Kensington)
Electric Supply
Companies.
46. This Bill proposed to extend for seven years, from the
6th August, 1909, the time limited by Section 8 of
the Company's Act of 1907 for the compulsory purrequired
for railway widenings near
Wandsworth Road Station and other places, and for the execution
of works in connection therewith, authorized by Sections 4 and 34
of the Company's Act, 1900. The Council took no action with
regard to the Bill, which received the Royal Assent on the 16th
August, 1909.
South Eastern
and London
Chatham and
Dover Railway.
47. This Bill proposed to repeal certain provisions of the Cornpany's
Acts relating to the price of gas, dividends
and profits, and provides that the standard rate of
dividend on the ordinary stock shall be £4 per cent, per annum,
Gas Light
and Coke.