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Railways Act 1974
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- 1974 c. 48
- Section 2
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2Increase in borrowing powers of the Railways Board
In section 42(6) of the 1968 Act (which limits the aggregate amount which may be outstanding in respect of the principal of money borrowed by the Railways Board and the Board's commencing capital debt to £550 million or such greater sum not exceeding £700 million as the Secretary of State may by order specify) for the words " £550 million " there shall be substituted the words " £600 million " and for the words " £700 million " there shall be substituted the words " £900 million ".
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