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TRANSPORT ACT (NORTHERN IRELAND) 1967 - SECT 70

Transfer or letting of property of the Holding Company to the railway undertaking.

70.(1) Where in the opinion of the railway undertaking any property let to it
under section 69, or re-let to it under subsection (2), is no longer required
in connection with the provision of railway services, the railway undertaking
may, notwithstanding any term or condition contained in the letting agreement,
terminate the letting of that property.

(2) Where the railway undertaking at any time before the termination of the
letting of any property to it under section 69 or this subsection notifies
the Holding Company in writing that the property will, on the termination of
the letting, continue to be required in connection with the provision of
railway services, the Holding Company shall, subject to subsection (3), re-let
that property to the railway undertaking at such rent and on such terms and
conditions as may be agreed or, in default of agreement, as may be determined
by the Minister or, if he so directs, by the Lands Tribunal.

(3) Subsection (2) shall not apply where, at or before the termination of a
letting of property to the railway undertaking, the Holding Company

(a)provides or undertakes to provide adequate alternative accommodation; or

(b)pays or undertakes to pay such compensation to the railway undertaking as
may be agreed or, in default of agreement, as may be determined by
the Lands Tribunal.

Part VIIS s.71, 72 rep. by SLR 1976. Ss.73, 74 spent

Supplementary provisions as to the letting of property by the Holding Company
to the railway undertaking.



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© 1967 Crown Copyright

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