TELEPHONE.
Determination of amount of purchase money.
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as in this Ordinance and in any regulation made thereunder provided (and particularly with the use of the most modern apparatus suitable for local conditions and climate) for a further period of twenty-five years and the company shall, within six months of the date of such notice, inform the Government in writing whether it is willing to continue such supply. If the company so signifies its willingness to continue such supply then the supply shall be continued by the company for the further term of twenty-five years from the expiration of the concession in like manner and upon like terms as aforesaid save so far as such terms may be varied by mutual agreement between the parties.
(2) If the company fails or neglects to inform the Government within the prescribed period of its willingness to continue such supply, or declines within such period to continue such supply in like manner and upon like terms as aforesaid, then it shall be lawful for the Government, upon giving the company six months' previous notice in writing, to take over and purchase from the company, on the expiration of the concession, the whole or such part as the Governor in Council may think fit of the undertaking of the company and upon such taking over and purchase the terms of section 46 shall apply in all respects as if such taking over had been effected under that section.
(3) Notwithstanding anything in this section it shall be lawful for the Government, on giving to the company six months' notice in writing in that behalf and without requiring the company to continue the supply under sub-section (1), to take over and purchase from the company on the expiration of the concession all or such part of the undertaking as the Governor in Council thinks fit and all property of whatever kind used by the company in its undertaking and upon such taking over and purchase the terms of section 46 shall apply in all respects as if such taking over and purchase had been effected under that section.
50. Upon any taking over and purchase of the company's undertaking by the Government the price to be paid by the Government shall be determined by arbitration if the same cannot be agreed upon by the parties, and due regard shall be
↑ As amended by Law Rev. Ord., 1939, Supp. Sched.
TELEPHONE.
Determina- tion of
amount of purchase
money.
+
as in this Ordinance and in any regulation. made thereunder provided (and particularly with the use of the most modern apparatus suitable for local conditions and climate) for a further period of twenty-five years and the company shall, within six months of the date of such notice, inform the Government in writing whether it is willing to continue such supply. If the company so signifies its willingness to continue such supply then the supply shall be continued by the company for the further term of twenty-five years from the expiration of the concession in like manner and upon like terms as aforesaid save so far as such terms may be varied by mutual agreement between the parties.
(2) If the company fails or neglects to inform the Govern- ment within the prescribed period of its willingness to continue such supply, or declines within such period to continue such supply in like manner and upon like terms as aforesaid, then it shall be lawful for the Government, upon giving the company six months' previous notice in writing, to take over and purchase from the company, on the expiration of the concession, the whole or such part as the Governor in Council may think fit of the undertaking of the company and upon such taking over and purchase the terms of section 46 shall apply in all respects as if such taking over had been effected under that section.
(3) Notwithstanding anything in this section it shall be lawful for the Government, on giving to the company six months' notice in writing in that behalf and without requiring the company to continue the supply under sub-section (1), to take over and purchase from the company on the expiration of the concession all or such part of the undertaking as the Governor in Council thinks fit and all property of whatever kind used by the company in its undertaking and upon such taking over and purchase the terms of section 46 shall apply in all respects as if such taking over and purchase had been effected under that section.
50. Upon any taking over and purchase of the company's undertaking by the Government the price to be paid by the Government shall be determined by arbitration if the same cannot be agreed upon by the parties, and due regard shall be
↑ As amended by Law Rev. Ord., 1939, Supp. Sched.
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