London Passenger Transport Act 1933

FIRST SCHEDULE Constitution and Proceedings of Appointing Trustees

1 Subject to the provisions of this Schedule, the representative of the Advisory Committee shall be selected by that committee from amongst the members of the committee appointed by local authorities or groups of local authorities and shall hold office as such representative for a term of three years. Notice of the appointment of such representative shall be given by the committee to the Minister.

2 The Minister shall take such steps as may be necessary as soon as may be after the passing of this Act for summoning the first meeting of the Appointing Trustees and shall thereafter summon meetings of the Appointing Trustees whenever it is in his opinion expedient that meetings should be held.

3 The Appointing Trustees shall appoint from amongst their number a chairman.

4 Every question at a meeting of the Appointing Trustees shall be decided by a majority of votes of the members present and voting on that question, and in the case of equality of votes the person presiding at the meeting shall have a second or casting vote. Three Appointing Trustees shall constitute a quorum.

5 A minute of the proceedings of the Appointing Trustees signed at the same or the next meeting by a member of the Trustees describing himself as, or appearing to be, the person presiding at the meeting at which the minute is signed shall be received in evidence without further proof.

6 Until the contrary is proved every meeting of the Trustees in respect of the proceedings whereof a minute has been so made shall be deemed to have been duly convened and held.

7 Subject to the provisions of this Schedule the Appointing Trustees may regulate their own procedure.

8 No act or proceeding of the Appointing Trustees shall be questioned on account of the appointment of any member having been defective.

9 The representative of the Advisory Committee first' appointed under this Act as such representative shall be selected by that committee as constituted on the passing of this Act from amongst the members of the committee then in office appointed by local authorities or groups of local authorities and shall hold office until his successor is appointed by the Advisory Committee as reconstituted under this Act. Notice of the appointment of such representative shall be given by the committee to the Minister.

SECOND SCHEDULE

Part I

The Underground undertakings

(1) The undertakings owned by the following undertakers :—

The London Electric Railway Company. The Metropolitan District Railway Company. The Central London Railway Company. The City and South London Railway Company. The Lots Road Power House Joint Committee. The London General Omnibus Company, Limited. London General Country Services, Limited. Overground, Limited. The Tramways (M.E.T.) Omnibus Company, limited. The Metropolitan Electric Tramways, Limited. The London United Tramways, Limited. The Union Surplus Lands Company, Limited. The Union Construction and Finance Company,

Limited. Morden Station Garage, Limited. Acme Pullman Services, Limited. Bucks Expresses (Watford), Limited. Green Line Coaches, Limited. Skylark Motor Coach Company, Limited.

The London Electric Railway Company. The Metropolitan District Railway Company. The Central London Railway Company. The City and South London Railway Company. The Lots Road Power House Joint Committee. The London General Omnibus Company, Limited. London General Country Services, Limited. Overground, Limited. The Tramways (M.E.T.) Omnibus Company, limited. The Metropolitan Electric Tramways, Limited. The London United Tramways, Limited. The Union Surplus Lands Company, Limited. The Union Construction and Finance Company,

Limited. Morden Station Garage, Limited. Acme Pullman Services, Limited. Bucks Expresses (Watford), Limited. Green Line Coaches, Limited. Skylark Motor Coach Company, Limited.

(2) That part of the undertaking owned by the South Metropolitan Electric Tramways and Lighting Company, Limited, which consists of a tramway and light railway undertaking (which part shall for the purposes of this Act be deemed to be a separate undertaking owned by the said company).

Part II

The Metropolitan undertaking

The undertaking owned by the following undertakers:—

The Metropolitan Railway Company, excluding the undertaking of the Surplus Lands Committee.

Part III

The local authorities' undertakings

Any tramway, light railway or trolley vehicle undertaking owned or worked by the following undertakers, being local authorities:—

The mayor, aldermen and burgesses of the borough of Barking. The Bexley Urban District Council. The mayor, aldermen and burgesses of the county borough of Croydon. The mayor and commonalty and citizens of the City of London. The Dartford Urban District Council. The mayor, aldermen and burgesses of the county borough of East Ham. The Erith Urban District Council. The Hertfordshire County Council. The mayor, aldermen and burgesses of the borough of Ilford. The mayor, aldermen and burgesses of the borough of Leyton. The London County Council. The Middlesex County Council. The mayor, aldermen and burgesses of the borough of Walthamstow. The mayor, aldermen and burgesses of the county borough of West Ham.

Part IV

The Tilling undertakings

The undertakings owned by the following undertakers :—Thomas Tilling, Limited. Tilling and British Automobile Traction, Limited.

Part V

The Independent undertakings

The undertakings owned by the following undertakers:—

G. H. Allitt and Sons, Limited. Ambassador Bus Company, Limited. Amersham and District Motor Bus and Haulage Company, Limited. B.B.P. Omnibus Company, Limited. Birch Brothers, Limited. E. Brickwood, Limited. Cardinal Omnibus Company, Limited. Chariot Omnibus Services, Limited. Chocolate Express Omnibus Company, Limited. City Motor Omnibus Company, Limited. Cleveland Omnibus Company, Limited. Convey & Clayton of 88, Brantwood Road, Tottenham, N.17. Eagle Omnibus Company, Limited. Earl Motor Omnibus Company, Limited. Empress Motors, Limited. Enterprise Transport Company, Limited. Essex Omnibus Company, Limited. Filkins & Ainsworth, Limited. Glen Omnibus Company (London), Limited. Gordon Omnibus Company, Limited. Robert Hawkins & Company, Limited. F. W. Hayes, of 355, Bensham Lane, Thornton Heath, Surrey. Holliday & Bangs, of 9, Branksome Road, Acre Lane, Brixton, S.W.2. E. G. Hope, of 13, Effra Parade, Brixton, S.W.2. F. J. C. Kirk, of 1, Larkswood Road, South Chingford, E.4. Miller Traction Company, Limited. A. Mills, of 10, Linver Road, S.W.6. Nelson Omnibus Company, Limited. Paterson Omnibus Company, Limited. Perseque Transport Company, Limited. Perkins Omnibus Company, Limited. C. H. Pickup, of 25, Dulwich Village, S.E.21. Pioneer Omnibus Company. Powell & Whybrow, of 21, Percy Road, Goodmayes, Essex. Premier Omnibus Company, Limited. Prince Omnibus Company, Limited. Pro Bono Publico, Limited. E. Puttergill, Limited. A. H. Raper, of Newton's Garage, Verney Road, Ber-mondsey, S.E.16. F. A. Rasey, of 10, Mafeking Road, Tottenham, N.17. Red Rover Omnibus, Limited. Reliance Omnibus Company, Limited. Renown Traction Company, Limited. Charles Russe" and Son, of 20, St. Peter Street,

St. Albans, Herts. Ryan Omnibus Company. St. George Omnibus Company, Limited. Sphere Omnibus Company, Limited. F. Steer, of Colne Cottage, London Cohiey, St. Albans, Herts. A. G. Summerskill, Limited. Supreme Motor Omnibus Company, Limited. Triumph Motor Omnibus Company. United Omnibus Company, Limited. Victory Omnibus Company, Limited. Westminster Omnibus Company, Limited. Woolvett & Carswell, of 32, Rye Hill Park, Peckham Rye, S.E.15.

Part VI

The Lewis undertaking

The undertaking owned by the Lewis Omnibus Company, Limited.

THIRD SCHEDULE Issue of Transport Stock to Companies owning the Underground Undertakings and distribution of that stock

Part I The amount of stock to be issued to the several companies owning the underground undertakings shall, subject to the reduction for which provision is made by the proviso to subsection (1) of section seven of this Act, be as follows and of the following classes—

Name of Company.	Amount and class of Transport Stock to be issued.
£
The London Electric Railway Company.	4,707,482 4 ½ % " A " Stock.
8,450,000 5% "A" „
5,606,000 4 ½ % " T.F.A." Stock.
2,538,936 5% " B "
8,628,345 " C" „
The Metropolitan District Railway Company.	3,827,772 4 ½ % " A " Stock.
4,753,950 5% "A" „
3,968,598 5% "B" „
2,992,375 " C" „
The Central London Railway Company.	823,098 4 ½ % " A " „
1,060,000 5% " A " „
458,000 4 ½ % " T.F.A." Stock.
432,000 5% "B"
2,775,000 " C "
The City and South London Railway Company.	993,762 4|% " A " Stock. 6,519,000 4f % " T.F.A." Stock. 850,000 5% "B" 1,369,000 " C "
The Lots Road Power House Joint Committee.	3,422,169 4 ½ % " A " Stock.
The London General Omnibus Company Limited.	2,240,479 4 ½ % " A " „ 4,000,000 5% "B" „ 5,087,500 " C " „
London General Country Services Limited.	Nil (Consideration included in consideration given to the London General Omnibus Company Limited).
Overground Limited -	Nil (Consideration included in the consideration given to the London General Omnibus Company Limited and the Tramways (M.E.T.) Omnibus Company Limited).
The Tramways (M.E.T.) Omnibus Company Limited.	182,635 ½ J% " A " Stock. 101,545 5% " B " „ 348,014 " C " „
The Metropolitan Electric Tramways Limited.	297,282 4 ½ % " A " Stock. 179,866 5%, "B" „ 517,301 " C" „
The London United Tramways Limited.	428,920 5% " B " Stock. 585,343 " C " „
The Union Surplus Lands Company Limited.	88,889 4 ½ % " A " Stock. 238,936 " C " „
The Union Construction and Finance Company Limited.	365 " C " Stock.
Morden Station Garage Limited	Nil (Consideration included in consideration given to the London General Omnibus Company Limited).
The South Metropolitan Electric Tramways and Lighting Company Limited.	7o ;000 ' " C " Stock.
Acme Pullman Services" Limited	Nil (Consideration included in consideration given to London General Omnibus Company Limited.)
Bucks Expresses (Watford) Limited >
Green Line Coaches Limited
Skylark Motor Coach Company Limited.

Part II the transport stock issued to the following companies shall be distributed amongst the holders of the various classes of stocks and shares of those companies at the rates of substitution specified in the following scales :—

Existing Stock.	Substituted Stock.
(a) In the case of the London Electric Railway Company :—	£	s.	d.
For £100 4% Debenture Stock	88	17	9	4 ½ %	" A "	Transport Stock.
For £100 5% Redeemable Debenture Stock (1985-95)	100	0	0	5%	"A"	do.
For £100 4 ½ % do. Second Debenture Stock (1942-72)	100	0	0	4 ½ %	" T.F.A."	do.
For £100 4% Preference Stock	80	0	0	5%	" B "	do.
For £100' Consolidated Ordinary Stock	92	10	0		"C"	do.
(b) In the case of the Metropolitan District Railway Company :—
For £100 4% Prior Lien Debenture Stock	88	17	9	4 ½ %	" A "	Transport Stock.
For £100 6% Perpetual do	120	0	0	5%	" A "	do.
For £100 4% do. do	88	17	9	4 ½ %	" A "	do.
For £100 4% do. do. (1903-5)	88	17	9	4 ½ %	"A"	do.
For £100 5% Redeemable Debenture Stock (1933-43)	100	0	0	5%	"A"	do.
For £100 5% Redeemable Debenture Stock (1985-95)	100	0	0	5%	"A"	do.
For £100 3% Consolidated Rent Charge Stock	66	13	4	4 ½ %	" A "	do.
For £100 4% Midland Rent Charge Stock	88	17	9	4 ½ %	"A"	do.
For £100 4% Guaranteed Stock	80	0	0	5%	" B "	do.
For £100 4 ½ |% First Preference Stock.	90	0	0	5%	"B "	do.
For £100 5% Second Preference Stock	100	0	0	5%	" B "	do.
For £100 Ordinary Stock.	92	10	0		"C "	do.
(c) In the case of the Central London Railway Company :—
	88	17	9	4 ½ %	"A"	Transport Stock.
For £100 4 ½ % Redeemable Debenture Stock (1942-72)	100	0	0	4 ½ %	" T.F.A."	do.
For £100 5% do. (1935)	100	0	0	5%	" A "	do.
For £100 5% do. (1985-95)	100	0	0	5%	"A"	do.
	90	0	0	5%	" B "	do.
For £100 Ordinary Stock.	92	L0	0		"C "	do.
	85	0	0		"C"	do.
For £100 Deferred do.	100	0	0		"C "	do.
(d) In the case of the City and South London Railway Company :—
For £100 4% Perpetual Debenture Stock.	88	17	9	4 ½ %	"A"	Transport Stock.
For £100 4|% Redeemable Second Debenture Stock (1942-72)-	100	0	0	4 ½ %	" T.F.A."	do.
For £100 5% Preference Stock (1891)	100	0	0	5%	" B "	do.
For £100 5% do. (1896)	100	0	0	5%	" B "	do.
For £100 5% do. (1901)	100	0	0	5%	" B "	do.
For £100 5% do. (1903)	100	0	0	5%	" B "	do.
For £100 Consolidated Ordinary Stock	92	10	0		"C"	do.
(e) In the case of the Lots Road Power House Joint Committee :—
For £100 4% Metropolitan District and London Electric Railways
Joint Power House Rent Charge Stock	88	17	9	4 ½ %	"A"	Transport Stock.
(f) In the case of the London General Omnibus Co., Ltd.:—
For £100 4 ½ % First Debenture Stock	100	0	0	4 ½ %	"A"	Transport Stock.
For £100 5% Cumulative Income Debenture Stock	100	0	0	5%	" B "	do.
For each Ordinary Share (£10)	18	10	0		"C "	do.
(g) In the case of the Metropolitan Electric Tramways Ltd. :—
For £100 4 ½ % Debenture Stock	100	0	0	4 ½ %	" A "	Transport Stock.
For £100 5% do	100	0	0	5%	" B "	do.
For each 5% Cumulative Preference Share (£1)	0	15	0		"C "	do.
For each Ordinary Share (£1)	0	6	0		" C "	do.
(h) In the case of the London United Tramways Ltd. :—
For £100 4% First Mortgage Debenture Stock	50	0	0	5%	" B "	Transport Stock and £25 " C" Transport Stock.
For each 5% Cumulative Preference Share (£1)	0	6	0		"C "	Transport Stock.
For each Ordinary Share (5/-).....	0	0	7 ½		" C "	do.

Part III Constitution of the Central London (New) Guaranteed Assented Stock

1 For the purposes of constituting the Central London (New) Guaranteed Assented Stock (in this Schedule referred to as the new assented stock) a new trust deed shall be executed between the Underground Company of the first part, and Glyn, Mills and Co. (in this Schedule referred to as the said trustees) of the second part, and the Board of the third part, containing such terms and conditions as may be necessary to give' effect to the provisions of subsection (2) of section eighty-eight of this Act and of this Schedule and such other terms and conditions of a like nature to the terms and conditions of the trust deed dated the thirteenth day of December, nineteen hundred and twelve (in this Schedule referred to as the old trust deed) and made between the Underground Company of the one part and Glyn, Mills and Co. (then and therein called Glyn, Mills, Currie and Co.) of the other part as are not inconsistent with those provisions.

2 The new assented stock shall be issued by the said trustees as trustees against and secured by the ' C' transport stock to which the said trustees become entitled under Part II of this Schedule as holders of Central London Railway ordinary, preferred ordinary and deferred ordinary stocks held by the said trustees upon the trusts of the old trust deed.

3 The new assented stock shall be of a similar character to the Guaranteed Assented Stocks constituted by the old trust deed but having its fixed rate of interest of four per cent. per annum guaranteed by the Board and not by the Underground Company.

4 The interest received by the said trustees in respect of any year on the ' C' transport stock to which they become so entitled shall be applied by the said trustees as follows :—

(a) to the payment of interest for that year at the fixed rate of four per cent. per annum on the new assented stock;

(b) as to forty per cent. of the balance, to the payment of additional interest for that year on the new assented stock; and

(c) as to sixty per cent. of the balance, in repayment to the Board.

5 The holders of the new assented stock may at their option, to be exercised within six months from the date of the issue of that stock, surrender to the said trustees the whole or any part of the stock so issued to them and shall thereupon, subject as hereinafter provided, be entitled to receive in exchange from the said trustees £92 10s. of ' C' transport stock held by the said trustees for every £100 of new assented stock so surrendered:

Provided that, where the amount of transport stock to which a person would be so entitled comprises a fractional part of a pound, the said trustees shall, in lieu of transferring the amount, transfer to that person transport stock to the amount of the next even pound below the amount to which he would be so entitled and shall, as soon as may be after the expiration of the said six months, sell the amount of transport stock representing the fractional parts of transport stock not so transferred and shall distribute the net proceeds thereof in due proportions amongst the several holders who, but for this provision, would have been entitled to the fractional parts.

6 If and so soon as the ' 0' transport stock held by the said trustees is redeemed by the Board, the redemption moneys received by the said trustees in respect of that stock shall be distributed amongst the holders of the new assented stock when the redemption takes place pro rata to their holdings of that stock and the new assented stock shall thereupon be satisfied and extinguished.

FOURTH SCHEDULE Issue of Transport Stock to the Metropolitan Railway Company and Distribution of that Stock

Part I The amount of stock to be issued to the Metropolitan Railway Company shall be as follows and of the following classes :—

Amount.	Class of Transport Stock to be issued.
£7,288,676	4 ½ per cent. "A" Stock.
£2,000,000	5 per cent. " A " Stock.
£4,489,797	5 per cent. " B " Stock.
£5,115,600	"C" Stock.

With the addition of £70 " B " transport stock for each £100 of Metropolitan 3 ½ per cent. Convertible Preference Stock not converted into Metropolitan Consolidated Stock by virtue of section eighty-nine of this Act and £67 10s. 0d. "C" transport stock for each £100 of Metropolitan 3 ½ per cent. Convertible Preference Stock so converted.

Part II The transport stock issued to the Metropolitan Railway Company shall be distributed amongst the holders of the various classes of stocks of that company at the rates of substitution, specified in the following scales :—

Existing Stock.	Substituted Stock.
i For £100 5 per cent. Redeemable Debenture Stock (1957-62).	£100 5 per cent.' A' Transport Stock.
For £100 3 ½ per cent. Debenture Stock.	£77 15s. Id. 4 ½ per cent. 'A' Transport Stock.
For £100 3 ½ per cent.' A' Debenture Stock.	£77 15s. Id. 4 ½ per cent. ' A' Transport Stock.
For £100 3 ½ per cent. Preference Stock.	£70 5 per cent. ' B' Transport. Stock.
For £100 3 ½ per cent.' A' Preference Stock.	£70 5 per cent. ' B' Transport Stock.
For £100 3 ½ per cent. Convertible Preference Stock (not so converted into Consolidated Stock).	£70 5 per cent. ' B ' Transport. Stock.
For £100 5 per cent. Preference Stock.	£100 5 per cent. 'B' Transport Stock.
For £100 Consolidated Stock	£67 10s. 'C' Transport Stock.

FIFTH SCHEDULE Distribution of Transport Stock issued as consideration for Transfer of Undertakings to the Board and the winding up of certain Companies whose Undertakings are transferred

(1) The provisions of this Schedule shall have effect with relation to the distribution of stock issued under this Act to the companies specified in Part II of the Third Schedule (which companies are in this Schedule referred to as " the Underground principal companies") and to-the company owning the Metropolitan Undertaking (which company is, in this Schedule referred-to as " the Metropolitan Company ") amongst the holders of the various classes of stock (which expression in this Schedule includes debenture stock and shares and other securities) of those companies, and with relation to the distribution of the remaining assets of, and the winding up and dissolution of the companies specified in Part I of the Second Schedule to this Act other than the South Metropolitan Electric Tramways and Lighting Company Limited (which companies are in this schedule referred to as " the Underground Companies ") and of the Metropolitan Company.

(2) Each of the Underground Companies, not being a statutory company, shall be wound up voluntarily in accordance with the provisions of the Companies Act, 1929, relating to members' voluntary winding-up, save in so far as such provisions are varied by, or are inconsistent with the provisions of this Schedule.

(3) The winding up of each company which is directed to be wound up by the last preceding paragraph shall—

(a) commence on the appointed day without the passing of any special or other resolution by that company for winding up;

(b) be conducted by the directors of that company in office at the appointed day who shall, be deemed joint liquidators for the purposes of the winding up with power to act by a majority of their number.

(4) In the winding up of the Tramways (M.E.T.) Omnibus Company, Limited, the London General Omnibus Company, Limited, shall not be entitled in respect of its holding of the preference shares of that company to participate in the distribution of the transport stock to be issued to the Tramways (M.E.T.) Omnibus Company, Limited, under this Act or other the properties or assets of that company distributable amongst its members on the winding up thereof, neither shall the Board be entitled to participate in such distribution in respect of those preference shares.

(5) (a) On a date as soon as may be after the appointed day, such date to be fixed by the directors of each of the Underground principal companies and of the Metropolitan Company (in this Schedule called " the distribution date ") every holder of stock (other than the Four per cent. Terminable Debenture Stock of the Metropolitan Company) in any of those companies shall deliver up to that company the certificates (which expression in this Schedule includes debentures, bonds or other documents of title) of the stock held by him, and on such delivery the directors of the company shall, subject as hereinafter provided, distribute or cause to be distributed to each such stockholder, in substitution for the stock of the company so held by him, transport stock of the amount and class to which he is entitled, in the case of stock of an Underground principal company, by virtue of Part II of the Third Schedule to this Act, and in the case of stock of the Metropolitan Company, by virtue of Part II of the Fourth Schedule to this Act, and pay to each such stockholder (being a holder of debenture stock) any interest accrued to the appointed day and unpaid on such debenture stock :

Provided that—

(i) where the amount of transport stock to which a person would be so entitled comprises a fractional part of a pound the company distributing or causing to be distributed the transport stock shall, in lieu of distributing or causing to be distributed that amount, distribute or cause to be distributed to that person transport stock to the amount of the next even pound below the amount to which he would be so entitled, and the company shall sell, or cause to be sold, the amount of stock representing the fractional parts not so distributed and shall distribute, or cause to be distributed, the net proceeds thereof in due proportion amongst the several stockholders who, but for this provision, would have been entitled to the fractional parts; and

(ii) the directors may dispense with the delivery of the certificate if the loss or destruction thereof is proved to their reasonable satisfaction.

(b) The issue to any debenture stockholder of the transport stock to which he is so entitled and the payment to him of the interest, if any, accrued to the appointed day and unpaid on his debenture stock shall operate as a satisfaction and discharge of that debenture stock and of all the rights and claims of the holder in respect thereof.

(6) Subject to the provisions of this Act the registers of members and transfer books of each of the Underground principal companies and of the Metropolitan Company shall be finally closed on such date previous to the distribution date as the directors of the company may determine, and notice of such closing shall be given by the company to the secretary of the London Stock Exchange, and also by advertisement in two London daily newspapers thirty days before the date on which such registers or books are to be closed, and after the date of closing such registers or books the company may refuse to register any transfer of any of the company's stocks.

(7) The Board shall, if so required by any of the Underground principal companies or by the Metropolitan Company before the transport stock to be issued as consideration for the transfer to the Board of the undertaking of the company is issued to the company, instead of issuing to the company the whole of the transport stock to be so issued to it, issue the transport stock to such amounts and to such persons as the company may require, and the issue of transport stock in accordance with such requirements shall, to that extent, discharge the Board of its liability to issue transport stock to the company.

(8) In the case of each of the Underground companies and of the Metropolitan Company any sums (in cash or liquid assets) retained by the company or repaid to the company by the Board under section eighty-two of this Act (not being sums which by that section are to be applied to the payment of interest on the debenture stocks of the company) shall (subject to the payment and discharge of any liability which under this Act is to continue as a liability of the company or is not otherwise provided for) be deemed to be profits of the company available for immediate distribution as dividend and shall be distributed accordingly in one or more distributions amongst the stockholders of the company (other than debenture stockholders) in accordance with their respective rights and (in the case of a company being a statutory company), notwithstanding anything in any special Act relating to the company prescribing the date at which and the period in respect of which dividends on any particular classes of stock of the company may be distributed:

Provided that, if authorised so to do by a resolution of the company at a meeting convened for that purpose, whether held before or after the passing of this Act, the directors may out of any moneys so available for distribution amongst the stockholders of the company retain or pay any sums to any persons as compensation for loss of office or employment or in recognition of past services rendered to the company.

(9) Where any of the companies to which this Schedule relates is unable after diligent inquiry to find the person to whom any transport stock is issuable or money is payable, or where any stock is issuable or money is payable to a person who, or whose committee cannot give an effectual receipt for the same, the company may transfer the stock or pay the money, as nearly as may be, in manner provided for payment of securities or money into court by trustees under section sixty-three of the Trustee Act, 1925, and that section shall apply with all necessary modifications to such stock and money.

(10) When in the case of any company (being a statutory company) to which this Schedule relates the distribution of stock or money has been completed in accordance with the provisions of this Schedule, the company may apply to the Board of Trade, and the Board of Trade, if satisfied that the said conditions have been complied with, shall give a certificate to that effect, and upon publication of such certificate in the London Gazette the company shall be dissolved.

(11) Any expenses incurred by the Board of Trade under the last preceding paragraph shall on demand be paid to the Board of Trade by the Board.

(12) The rights conferred by this Act on the holders of the various classes of stocks of any of the said companies, being a statutory company, shall be in substitution for the rights conferred on them in the event of the winding-up of the company under the enactments relating to the company.

SIXTH SCHEDULE Issue of Transport Stock to certain Local Authorities

The amount and class of transport stock to be issued to the local authorities specified in this Schedule shall be as follows :—

Name of Local Authority.	Amount and class of Stock to be issued.
Hertfordshire County Council	£19,000 L.A. stock.
London County Council	£8,500,000 L.A. stock.
Middlesex County Council	£1,035,000 L.A. stock.
The mayor, aldermen and burgesses of the County Borough of West Ham	£281,036 L.A. Stock.

SEVENTH SCHEDULE London Passenger Transport Area

Part I

The London Passenger Transport Area shall consist of the area comprised within the continuous purple line shown on the signed map (which expression in this Schedule means the map signed in triplicate by the Pvt. Honourable the Earl of Lytton, the Chairman of the Joint Committee of the House of Lords and the House of Commons to which the Bill for this Act was referred and which has been deposited, as to one copy, in the Parliament Office of the House of Lords, as to another copy, in the Committee and Private Bill Office of the House of Commons, and, as to a third copy, at the Ministry of Transport)

Part II

The roads outside the London Passenger Transport Area which are available for use by the public service vehicles of the Board without restriction under this Act are the roads marked by broken blue lines on the signed map

Part III

The roads outside the London Passenger Transport Area which are available for use by the public service vehicles of the Board subject to the restriction imposed by proviso (h) to subsection (1) of section fifteen of this Act are the roads marked by broken yellow lines on the signed map

Part IV

The roads within the London Passenger Transport Area to which the restrictions imposed by subsection (1) of section sixteen and subsection (2) of section seventeen of this Act are not to apply are the roads marked by broken red lines on the signed map

EIGHTH SCHEDULE Provisions relating to Purchase of Property of Provincial Operating Companies, &c

Part I Property to be Transferred

1 Buildings There shall be transferred to the Board the buildings or premises specified in the first column of the following table belonging to the companies specified in the second column, being buildings situated within and used for the purposes of services operated within the London Passenger Transport Area.

Description of building or premises.	Name of Company.
The freehold premises, comprising a garage, situate at The Street, Ewhurst, Surrey.	Aldershot and District Traction Company Limited.
The freehold premises, comprising a garage and offices, situate at Priory Road, Dartford, Kent.	Maidstone and District Motor Services Limited.
The freehold premises, comprising a garage and depot, situate at Dover Road, Northfleet, Kent.	Maidstone and District Motor Services Limited.

2 Plant and Equipment There shall be transferred to the Board the whole of the plant, equipment and stores which is on the appointed day installed or situated in or upon the buildings or premises specified in paragraph 1 hereof, being plant, equipment and stores so installed or situated in the ordinary course of the business of the company.

3 Vehicles There shall be transferred to the Board from the companies specified in the first column of the following table the number of public service vehicles specified in the second column of that table, or such other number as may before the first day of July, nineteen hundred and thirty-three, be agreed between the Board and the company concerned, being vehicles in good running order and condition, suitable for use on the respective services which the company will require to discontinue by virtue of the restrictions imposed by section seventeen of this Act.

Name of Company.	Number of Public Service Vehicles.
Aldershot and District Traction Company Limited.	Six.
Eastern National Omnibus Company Limited.	Eight.
Maidstone and District Motor Services Limited.	Seventy-six.
Redcar Services Limited	Three.
Thames Valley Traction Company Limited	Two.

4 Any dispute under this Part of this Schedule shall be determined by the arbitration tribunal.

Part II Rules for Determining the Price to be Paid

1 The price shall be determined upon a valuation of the buildings, premises, vehicles, plant, stores and equipment with an allowance for goodwill.

2 The valuation in the case of vehicles shall proceed upon the basis of first cost with a deduction in respect of depreciation calculated at the rate of twelve and one half per cent. per annum on the first cost in respect of the period between the date upon which the vehicle was first brought into use and the date of the transfer to the Board.

3 Except in the case of the Eastern National Omnibus Company Limited, the allowance to be made in respect of goodwill shall be ascertained by multiplying by five the average net profits of the part of the undertaking taken over ascertained in the following manner :—

(a) there shall be ascertained in the case of each company the average net profits per car mile from the operation of stage and express carriages, or in the case of the Maidstone and District Motor Services Limited, of public service vehicles for the three financial years last preceding the date of the passing of this Act, (after meeting all proper charges including adequate provision for the replacement or renewal of all assets subject to depreciation or obsolescence, which provision shall in the case of vehicles be calculated at the rate of twelve and one half per cent. per annum on the first cost);

(b) there shall be ascertained the total car mileage run by the stage carriages, or in the case of the Maidstone and District Motor Services Limited, by the public service vehicles operated by that company during the last completed financial year preceding the date of the passing of this Act in the provision of services within the London Passenger Transport Area which the company will require to discontinue by reason of the restrictions imposed by section seventeen of this Act;

(c) the average net profit per car mile ascertained under (a) multiplied by the total car mileage ascertained under (b) shall be deemed to be the average net profits of the part of the undertaking taken over.

4 In the case of the Eastern National Omnibus Company Limited the allowance for goodwill shall be ascertained by allowing two pence and one half penny per car mile for each car mile run by stage carriages owned by that company during the last completed financial year preceding the date of the passing of this Act in the provision of services within the London Passenger Transport Area which the company will require to discontinue by reason of the restrictions imposed by section seventeen of this Act.

Part III Rules for Determining Compensation for Severance

1 An estimate shall be made of the additional cost per car mile which would have been incurred by the company during the last completed financial year preceding the date of the passing of this Act in operating public service vehicles on the following assumptions :—

(a) that the transfer to the Board had taken place immediately before the beginning of that financial year; and

(b) that such reduction of overhead or other expenses had been effected during that year as might reasonably have been effected in view of that transfer.

2 The compensation for severance shall be calculated by multiplying the additional cost per car mile so estimated by five times the number of car miles run during that year in the provision of services of public service vehicles to which the restrictions imposed by section seventeen of this Act do not apply.

NINTH SCHEDULE Provisions with respect to the Railway Rates Tribunal

1 For the purpose of the exercise of the functions of the tribunal under this Act, two additional members shall be added to the tribunal, of whom one shall be a person having experience in matters relating to local government in London, to be appointed by the Minister after consultation with the Advisory Committee, and one shall be a person having experience in financial affairs to be appointed by the Minister, but neither of whom need be a member of either of the panels constituted under section twenty-four of the Railways Act, 1921.

2 An additional member of the tribunal shall hold office for such term not less than three years nor longer than seven years as the Minister may determine at the time of his appointment but on vacating his office after expiration of the term thereof he shall be eligible for re-appointment. ,

3 If an additional member becomes, by reason of illness or other infirmity, temporarily incapable of performing the duties of his office, or if the office of an additional member is vacated before the expiration of his term of office, the Minister may appoint some other fit person with the like qualifications and, in the case of the additional member appointed after consultation with the Advisory Committee, after the like consultation, to discharge his duties during such incapacity or pending the filling up of such vacancy for any period not exceeding six months at one time and the person so appointed shall during that period have the same powers as the additional member in whose place he is appointed.

4 Section twenty-one, subsections (1) and (2) of section twenty-two, section twenty-four except subsection (4) thereof, and section twenty-five of the Railways Act, 1921, shall apply with respect to the functions of the tribunal under this Act as they apply for the purposes of that Act, subject, however, to the following modifications, namely, that—

(a) in subsection (2) of the said section twenty-one, for the words " the amalgamated companies " there shall be substituted the words

“the Board and the amalgamated railway companies”; and

(b) in subsection (l)of the said section twenty-two the words " the Lord President of the Court of Session " and the words " other than disputes between two or more railway companies " shall be omitted; and

(c) no appeal shall lie from any decision of the tribunal under this Act.

5 The annual report of their proceedings under the Railways Act, 1921, made by the tribunal to the Minister under subsection (3) of section twenty-two of that Act, and laid before Parliament, shall include a report of their proceedings under this Act.

TENTH SCHEDULE Provisions which are to form the basis of the Pooling Scheme

1 The scheme shall provide for the pooling in accordance with the provisions of this Schedule of the whole of the passenger receipts to which the scheme is to apply after the deduction therefrom of the operating and additional allowances hereinafter specified (which receipts so reduced are in this Schedule referred to as " the pooled receipts") and for the distribution of the pooled receipts between the Board and each of the amalgamated railway companies (hereinafter referred to as " the parties to the scheme") in such proportions as may be determined under the scheme.

2 The scheme shall apply to the following passenger receipts :—

(a) the whole of the passenger receipts of the Board, including passenger receipts arising from any joint line and receipts from the operation of contract carriages; and

(b) the whole of the passenger receipts of each of the amalgamated railway companies attributable to the conveyance of passengers on journeys between any two stations on any suburban line or lines. For the purposes of this paragraph, the expression " suburban line " means so much of any railway owned or worked over by any of the amalgamated railway companies or of any joint line, as lies within the London Passenger Transport Area, or as lies outside that area and provides an alternative route to a route on which a passenger service provided by the Board (otherwise than under a working agreement made in pursuance of section eighteen of this Act) is being or might lawfully be operated.

3 (1) For the purpose of ascertaining the proportions in which the parties to the scheme are to be entitled to participate in the pooled receipts, an account shall be prepared for a standard year.

(2) The account shall be based on the results of a previous year or previous years ascertained by reference to the passenger receipts for the .year or years selected corresponding to the passenger receipts to which the scheme will apply, with the deduction therefrom of so much of the operating expenditure incurred in earning those receipts as represents factors of cost which vary with the mileage of the trains or cars or other vehicles run, so however that such adjustments may be made in preparing the account as may be fair and equitable in respect of capital which had not become fully remunerative or which was in course of expenditure during the year or years selected or any other factor the effect of which was not fully reflected in those results.

(3) The account shall show the proportions in which the Board on the one hand and the amalgamated railway companies as a group on the other hand would be entitled to participate in the net receipts so ascertained on the basis of a fair and equitable distribution and shall show in addition the proportions in which each of the amalgamated railway companies respectively would be so entitled to participate in the portion of those receipts applicable to the amalgamated railway companies as a group.

(4) The proportions so ascertained are in this Schedule referred to as " the standard proportions."

4 The scheme shall provide for the rendering and keeping of all such returns and accounts as may be necessary or desirable in order to secure the pooling of the pooled receipts or otherwise for the purposes of the scheme.

5 (1) There shall be fixed by the Joint Committee from time to time in relation to each form of transport in accordance with a formula to be specified in the scheme the allowances (in this Schedule referred to as " operating allowances ") which are to be made to the parties to the scheme in respect of the expenses incurred by them in operating their respective services.

(2) The formula to be specified in the scheme for the fixing of the operating allowances shall give effect to those factors of cost which vary with the mileage of the trains or cars or other vehicles run.

(3) The operating allowances so fixed shall, subject to the provisions of this Schedule, have effect throughout the accounting period for which they are fixed :

Provided that, if after the fixing of the operating allowances there is any substantial change in any factor of cost covered by the formula, not being a change within the control of the party affected, the party affected may apply to the Joint Committee for the variation of the said allowances for the accounting period or the remainder of that period.

6 (1) Where by reason of an order of the rates tribunal made under sections thirty, thirty-one or thirty-five of this Act, or by virtue of any decision of the Joint Committee, any party to the scheme provides any new service or facility or undertakes any development or extension necessitating additional capital expenditure, the party incurring the expenditure shall be entitled to an additional allowance of such amount and for such period as may be fixed by the Joint Committee.

(2) The additional allowances under this paragraph shall be such as may be estimated to be sufficient, when added to the operating allowances specified in paragraph 5 of this Schedule, to cover the additional cost of operation and maintenance involved in the provision of that service or facility or in that development or extension, including the whole or part, as may be determined, of the interest on the capital expended in connection therewith.

7 (1) There shall be determined by the person responsible for the accounts of the pool (in this Schedule referred to as " the accountant ") in respect of each accounting period the differences between the pooled receipts accounted for by each party to the scheme and the share of the aggregate pooled receipts to which each party would be entitled on the basis of its standard proportion.

(2) The, differences so determined shall be certified by the accountant and shall be adjusted between the parties to the scheme by means of payments in accordance with the accountant's certificates.

(3) The determination and payment of differences directed by this paragraph shall be made by means of provisional monthly settlements and payments which shall be adjusted by final settlements and payments within forty days from the end of each accounting period.

8 (1) Subject to the provisions of this paragraph, any party to the scheme may apply to the Joint Committee for a revision of the standard proportions on any of the following grounds :—

(a) the failure of any party to the scheme to maintain efficient services resulting in a diminution of the passenger receipts from those services;

(b) the provision of any new service or facility or the undertaking of any development or extension agreed to by the Joint Committee, or required by the rates tribunal under sections thirty, thirty-one or thirty-five of this Act; or

(c) any other material alteration of circumstances (not being an alteration caused by the operation of the scheme) which would make or would be likely to make the , continuance of those proportions inequitable to any party.

(2) If the Joint Committee is satisfied that any application so made is well-founded, it shall revise the standard proportions to the extent requisite to meet the change of circumstances upon which the application is based but to no further extent:

Provided that no revision made under this paragraph on an application based on the provision of any new service or facility or the undertaking of any development or extension shall have effect in relation to any period during which any additional allowance in respect of the provision of that new service or facihty or the undertaking of that development or extension is in operation.

9 (1) There shall be an auditor for the purposes of the scheme who shall be appointed by the Joint Committee or, in default of agreement, by the President of the Institute of Chartered Accountants.

(2) The auditor shall hold office for a term of three years but shall be eligible for reappointment.

(3) It shall be the duty of the parties to the scheme and of the accountant to furnish all such information and give all such facilities as may be required by the auditor for the purposes of the scheme.

10 The accounting period shall be such period not exceeding twelve months commencing in each year on such date as may be specified in the scheme.

11 Any question arising in relation to the fixing or variation of the operating or additional allowances or the revision of the standard proportions upon which the Joint Committee is unable to agree, or any dispute between any parties to the scheme arising out of the operation of the scheme which is not settled by the Joint Committee (to whom it shall be referred in the first place) shall be determined as follows :—

(a) where the Joint Committee resolves that the matters in question are wholly or mainly matters of accountancy or of a statistical nature, by the auditor;

(b) in any other case by an arbitrator to be appointed by the Joint Committee or, in the event of the Joint Committee failing to agree upon an arbitrator, by the High Court;

and the auditor or arbitrator, as the case may be, in determining any question so referred in relation to the fixing or variation of the operating or additional allowances or to the revision of the standard proportions shall have regard to the same considerations, and be subject to the same limitations, as the Joint Committee would have had regard to, or been subject to in determining that question, and any operating or additional allowances fixed or varied, or revision of the standard proportions made, by the auditor or arbitrator, shall have effect as if fixed or varied or made by the Joint Committee.

12 After the scheme has come into operation, each party to the scheme shall, subject to the provisions of this Schedule, retain its traffic takings, in so far as they are receipts to which the scheme applies, and all clearances of traffic receipts, in so far as those receipts are receipts to which the scheme applies, shall cease.

13 The scheme may contain such other incidental or supplemental provisions as may be requisite for giving effect to the scheme and may provide for the modification or variation of any agreement between any of the parties to the scheme or any Joint Committee owning or managing any joint line relating to the receipts to which the scheme applies, or any statutory provisions relating to the collection, apportionment or distribution of those receipts, or relating to the joint lines or any of them, in so far as that modification or variation is requisite or desirable to give effect to the provisions of the scheme.

14 For the purpose of this Schedule the expression " joint line " means any railway jointly owned or worked by any of the parties to the scheme or owned or worked by any joint committee in which any of the parties to the scheme are financially interested.

ELEVENTH SCHEDULE Consequential and Minor Amendments to be made in the Road Traffic Act, 1930

Section 98.	In subsection (1) the words " with respect to " the City of London and the Metropolitan " Police District," shall be omitted.
In subsection (2) the words " sections seventy-" two and seventy-four of this Act in their " application " shall be substituted for the words “and section seventy-two of this Act in its application.”
In subsection (5) for the words " three years " there shall be substituted the words “seven years.”
Schedule 1II. Part I.	In paragraph (5) (which defines the East Midland Traffic Area) the word "Bedford" shall be omitted; after the word “Peterborough” there shall be added the words “The administrative” county of Bedford (except the portion in-" eluded in the Metropolitan Traffic Area)"; for the words " (except the portion included in the Southern Traffic Area)" there shall be substituted the words “(except the portions”included in the Metropolitan Traffic Area and " the Southern Traffic Area)."
In paragraph (b) (which defines the Eastern Traffic Area) for the words " So much of the " administrative county of Essex as lies outside " the Metropolitan Police District," there shall be substituted the words “So much of the administrative county of Essex as lies outside”the Metropolitan Traffic Area," and the words " So much of the administrative county of " Hertford as lies outside the Metropolitan " Police District " shall be omitted.
In paragraph (9) (which defines the Southern Traffic Area) for the words " the borough " of Chepping Wycombe, the urban districts " of Beaconsfield, Marlow and Slough and " the rural districts of Eton, Wycombe " and Hambleden " there shall be substituted the words “the urban district of Marlow,”the rural district of Hambleden, the parish of Towersey and the portion of the rural " district of Wycombe not included in the " Metropolitan Traffic Area."
In paragraph (10) (which defines the South Eastern Traffic Area) for the words "The " administrative counties of East Sussex and " West Sussex. So much of the administrative counties of Surrey and Kent as lies " outside the Metropolitan Police District" there shall be substituted the words “So”much of the administrative counties of East " Sussex, West Sussex, Surrey and Kent as " lies outside the Metropolitan Traffic Area."

TWELFTH SCHEDULE Constitution of the London and Home Counties Traffic Advisory Committee

1 The Advisory Committee shall be constituted as follows :

Number of Members.	-By whom appointed.
One -	By the Secretary of State :
One -	By the Minister:
Six -	By the London County Council:
One -	By the Corporation of the City of London :
One -	By the Council of the City of Westminster:
Six -	By the councils of the remaining metropolitan boroughs :
Two	By the Middlesex County Council:
One -	By the Essex County Council:
One -	By the Kent County Council:
One -	By the Surrey County Council:
One -	By the Buckinghamshire and Hertfordshire County Councils:
One -	By the Council of the County Borough of Croydon:
One -	By the Council of the County Borough of East Ham:
One -	By the Council of the County Borough of West Ham:
One	By the Secretary of State to represent the Metropolitan Police :
One -	By the Secretary of State to represent county and borough police forces in the London Traffic Area:
One -	By the Corporation of the City of London to represent the City Police :
Two	By the Board:
Two	By the amalgamated railway companies:
Five	By the Minister of Labour after consultation with such bodies representative of those interests as he may think fit to represent the interests of labour engaged in the transport industry within the London Traffic Area :
One -	By the Minister, after consultation with such bodies representative of those interests as he may think fit, to represent the interests of persons (other than the Board and the amalgamated railway companies) providing or using mechanically-propelled road vehicles within the London Traffic Area.
One -	By the Minister, after consultation with such bodies representative of those interests as he may think fit, to represent the interests of persons (other than the Board and the amalgamated railway companies) providing or using horse-drawn road vehicles within the London Traffic Area.
One -	By the Minister, after consultation with such bodies representative of those interests as he may think fit, to represent the interests of the taxi-cab industry within the London Traffic Area.

2 Where one or more members are to be appointed by a group of local authorities, the appointment shall be made by a joint committee consisting of one representative chosen by each of the local authorities in accordance with rules of procedure made by the Minister.

3 Every member appointed by a local authority or group of local authorities (other than the representative of the City police) shall be a member of the local authority or of one of the grouped authorities, as the case may be, and, if he cease to hold such qualification, shall cease to be a member of the Committee.

THIRTEENTH SCHEDULE Consequential and Minor Amendments to be made in the london traffic act, 1924

Section 1 (1) -	The words from " consisting of " to the end of the subsection shall be omitted.
Section 1 (8). -	For the words " an ordinary member or an additional member" there shall be substituted the words “a member.”
Section 1 (10) -	The words from " and the additional members " to the end of the subsection shall be omitted.
Section 3(1) -	For the words " of this Act " there shall be substituted the words “of this or any other Act.”
Section 16	The definitions of " licensing authority " and " proprietor " shall be omitted.
Schedule 1I -	The words " Part I. Matters in respect of which " the additional members are to form part " of the Advisory Committee "; the words " Part II. Matters in respect of which the " additional members are, if the Minister so " directs, to form part of the Advisory " Committee," and the words " Part III. " Matters in respect of which the additional " members are not to form part of the " Advisory Committee " shall be omitted.

FOURTEENTH SCHEDULE Provisions as to Determination of Compensation Payable to Officers and Servants

1 Every person who claims to be entitled to be paid compensation under Part VII of this Act in respect of any direct pecuniary loss shall deliver to the Board a claim in writing, stating the direct pecuniary loss in respect of which he claims compensation, and setting out particulars as to the emoluments received by him from the Board or from the authority, company or person by whom he was or is employed in each year during the period of five years immediately preceding the date on which his office or post was abolished or was relinquished by him, or the date on which his. direct pecuniary loss commenced. Every such claim shall be accompanied by a statutory declaration that the claim so submitted is, according to the best of his knowledge, information and belief, a true statement.

2 On receipt of any such claim the Board shall forthwith take it into consideration and determine whether any and, if so, what compensation ought, in their opinion, to be granted to the claimant and shall inform him of their decision; and, if they fail to inform him of their decision within six months after his claim has been so delivered to them, the Minister may, on application made to him in that behalf by the claimant, direct them to do so within such time, not being less than one month, as may be specified in the direction.

3 If the claimant is aggrieved by the failure of the Board to inform him of their decision upon his claim within the time specified in any direction of the Minister, or by their refusal to grant compensation, or by the amount of the compensation granted, he may require the matter to be referred forthwith to the standing arbitrator, and the arbitrator shall consider the case and determine whether any, and if so what, compensation ought to be granted to the claimant.

4 For the purpose of determining whether compensation should be granted to any person under the provisions of this Schedule, and if so, the amount of that compensation, regard shall be had to—

(a) the nature of his office or employment;

(b) the conditions upon which his appointment was made;

(c) the duration of his service;

(d) any additional emoluments which he acquires by virtue of this Act, or of anything done in pursuance or in consequence of this Act;

(e) the emoluments which he has, or might have, acquired by accepting other employment offered him by the Board, or by the authority, company or person from whose service he was transferred to the Board; and

(f) all the other circumstances of his case :

Provided that in no case shall the compensation payable exceed the amount which under the Acts and Rules relating to Her Majesty's Civil Service and in force on the thirteenth day of August, eighteen hundred and eighty-eight, would have been payable to a person on abolition of office.

5 In the case of an officer or servant of a local authority, the Board or the arbitrator in computing the length of his service for the purposes of the award of compensation shall take into account all his service after he attained the age of eighteen years, whether under any local authority as defined in section three of the Local Government and other Officers' Superannuation Act, 1922, or under any tramway company whose undertaking has, as a whole or in part, been acquired by a local authority by whom he has been or is employed.

6 In the case of an officer or servant of an Underground undertaking, the Board or the arbitrator in computing the length of his service for the purpose of the award of compensation, shall take into account all his service after he attained the age of eighteen years which would, in accordance with the customary practice of the undertaking, be reckoned as service with that undertaking.

7 In the case of an officer or servant of any other undertaking transferred in whole or in part to the Board by this Act (other than the Metropolitan undertaking) and in the case of any person who is deemed to be an existing officer or servant by virtue of section seventy-four of this Act, the Board or the arbitrator in computing the length of his service for the purposes of the award of compensation shall take into account all his service after the age of eighteen years, being continuous service whether with the undertaking or part of the undertaking, as the case may be, in whose service he was immediately before the appointed day or with any other passenger transport undertaking which has been acquired by, or absorbed in, that undertaking.

8 If the appointment of an officer or servant is determined by his employer otherwise than at the expiration of a complete year of his service, the portion then expired of the current year of his service shall, if it exceeds six months, be treated as a complete year, and shall, if it does not exceed six months, be ignored.

9 The compensation payable to—

(a) an officer or servant of a local authority who immediately before the appointed day held two or more posts under that authority and who devoted the whole of his time to the duties of those posts; or

(b) an officer or servant of an Underground undertaking who immediately before the appointed day held two or more posts under any one or more of the Underground undertakings and who devoted the whole of his time to the duties of those posts,

shall not be reduced by reason of the fact that he has devoted only part of his time to each of those posts.

10 If any officer or servant was temporarily absent from his employment under any authority, company or person during the late war whilst serving in His Majesty's forces, or the forces of the allied or associated powers, either compulsorily or with the sanction of his employers, such period of temporary absence shall be reckoned as service under that authority, company or person :

Provided that if, after the armistice, he voluntarily extended his term of service in the forces, no period of service during that extension shall be reckoned.

11 The Board or the arbitrator may in their discretion and in consideration of the fact that any officer or servant was appointed to his office or post as a specially qualified person add any number of years, not, however, exceeding ten, to the number of years which the claimant would otherwise be entitled to reckon for the purpose of computing the compensation to which he would be entitled under the Acts and Rules referred to in paragraph 4 of this Schedule.

12 Any compensation granted, whether by the Board or by the arbitrator, shall be a specialty debt due to the claimant from the Board, and may be enforced accordingly in like manner as if the Board had entered into a bond to pay it.

FIFTEENTH SCHEDULE Provisions as to the Making and Approval of Schemes applying the Railways (Valuation for Rating) Act, 1930, to the Undertaking of the Board

1 A scheme for applying the Act to the Board with any adaptations and modifications which appear to be necessary may be submitted by the Board or the Railway Assessment Authority to the Minister of Health for his approval.

2 The Board or, as the case may be, the Railway Assessment Authority shall within one month after submitting the scheme forward copies thereof to the Central Valuation Committee and to such local authorities and other persons as the Minister of Health may direct, together with a notice specifying the date on which the scheme was submitted to the Minister of Health and stating that he will consider any representation with respect to the scheme which may be received by him within four months from the said date.

3 The Minister of Health, after considering any representation received by him within the period of four months above mentioned, may make an order either rejecting the scheme or approving it, with or without modifications.

4 An order approving a scheme under this Schedule shall be laid before both Houses of Parliament forthwith, and if an address is presented to His Majesty by either House of Parliament within the next subsequent twenty-eight days on which that House has sat after any such order is laid before it praying that the order may be annulled, it shall thenceforth be void but without prejudice to the making of a new order.

SIXTEENTH SCHEDULE Enactments repealed

Session and Chapter.	Short Title.	Extent of Repeal.
16 & 17 Vict. c. 33.	The London Hackney Carriage Act, 1853.	Section eleven, so far as relates to vehicles of the Board.
14 & 15 Geo. 5, c. 34.	The London Traffic Act, 1924.	Subsections (2) to (5) of section one.
Sections two, six, seven and eight.
Subsection (1) of section ten.
Section fourteen and subsection (2) of section seventeen.
20 & 21 Geo. 5, c. 43.	The Road Traffic Act, 1930.	Section ninety-nine.
23 Geo. 5, c. 2	The Expiring Laws Continuance Act, 1932.	In Part I of the Schedule, the reference to the London Traffic Act, 1924.