PEAK TRAMWAY.
No. 2 of 1883.
177
shall cease and determine at the expiration of the said period, unless the tramway is purchased by the Government in the manner provided by this Ordinance; and thereupon the Director of Public Works may remove the tramway in like manner and subject to the same provisions as to the payment of the cost of such removal, and to the same remedy for recovery of such cost, in every respect as in cases of removal under section 10.
12.-(1) The Governor in Council may, within six months after the expiration of twenty-eight years from the time when the company was empowered to construct the tramway, and within six months after the expiration of every subsequent period of seven years, or within three months after any order made by the Governor in Council under section 10 or section 11, by notice in writing require the company to sell, and thereupon the company shall sell, to the Government its undertaking on the terms of paying the then value (exclusive of any allowance for past or future profits of the undertaking or any compensation for compulsory sale or other consideration whatsoever) of the tramway, and all lands, buildings, works, materials, and plant, suitable to and used for the purposes of its undertaking, such value to be, in cases of difference, determined upon petition to the court in a summary way: Provided that, if on any such land the company shall have erected any building, or any portion of a building, for purposes other than its undertaking, such land and the whole of such building shall be deemed to be included in the undertaking unless the Governor in Council by notice in writing declares that such land and building shall be excluded from the sale.
(2) When any such sale has been made, all the rights, powers, and authorities of the company in respect of the undertaking sold, or, where any order has been made by the Governor in Council under section 10 or section 11, all the rights, powers, and authorities of the company previous to the making of such order in respect of the undertaking sold, shall be transferred to, vested in, and may be exercised by the Government.
13. The carriages, motive power, machinery, and apparatus of any kind whatsoever, used on or for the tramway shall be
* As amended by No. 17 of 1935 [29.3.35]. + As amended by No. 10 of 1926 [27.8.26].
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