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4.—(1) The Company may on the lands taken on lease for and on the line of Railtrack’s Railway construct (so far as necessary) and maintain a railway with all necessary works and conveniences connected therewith and work the same as a light railway under the principal Act and in accordance with the provisions of this Order.
(2) Except as otherwise provided in this Order the Company’s Railway shall be subject to all statutory and other provisions applicable to Railtrack’s Railway (in so far as the same are still subsisting and capable of taking effect) and the Company shall be entitled to exercise all rights, powers and privileges and shall be subject to all obligations statutory or otherwise relating to Railtrack’s Railway (in so far as the same are still subsisting and capable of taking effect).
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