TNAG-1515-FCO40-2076-Bridges-and-tunnels-in-Hong-Kong-1986 — Page 94

(a) the Road Company and the Rail Company under

section 70(1);

(b)

the Road Company under section 70(2); or

(c)

the Rail Company under section 70(3),

the Government shall be liable to pay to the company whose

rights and obligations have been determined in respect of

the assets of that company vesting in the Government under

section 70(4) such amount as may be agreed between the

Government and the Road Company or, as the case may be, the

Rail Company, as representing the value of such assets to

the Government at the time of vesting or, in default of

such agreement, such amount as may be determined

by arbitration under the Arbitration Ordinance.

(3) In determining the value for the purposes of

subsection (2) -

(a)

of assets forming part of the railway works, the

value of the assets to the Government shall be

deemed to be the value they would have had to the