The Caernarfon and Dinas Welsh Highland Railway (Transfer and Governance) Order 2022

Type Welsh-Statutory-Instrument
Publication 2022-03-23
State In force
Jurisdiction Wales
Department King's Printer of Acts of Parliament
PDF Download
articles Not indexed
Reform history JSON API

Made: 23 March 2022

Coming into force: 25 March 2022

Accordingly, the Welsh Ministers, in exercise of the powers conferred by sections 1 and 5 of, and paragraphs 8, 15 and 16 of Schedule 1, to the 1992 Act, now exercisable by them[^f00003], make the following Order:

PART 1 — PRELIMINARY

Title and commencement

1

The title of this Order is the Caernarfon and Dinas Welsh Highland Railway (Transfer and Governance) Order 2022 and it comes into force on 25 March 2022.

Interpretation

2

PART 2 — TRANSFER AND OPERATION OF THE RAILWAY

Transfer of rights and obligations to the Company

3

Transfer of railway by the Company

4

Power to operate and use railway

5

PART 3 — GOVERNANCE

Amendment of the 1869 Act

6

Shareholders may call extraordinary meetings

7

Section 70 (extraordinary meetings may be required by shareholders) of the Companies Clauses Consolidation Act 1845[^f00007] applies to the 1869 Act but as if for “for the prescribed number of shareholders, holding in the aggregate shares to the prescribed amount, or, where the number of shareholders shall not be prescribed, it shall be lawful for twenty or more shareholders” there were substituted “for a shareholder or shareholders”.

PART 4 — MISCELLANEOUS

Arbitration

8

Any difference under any provision of this Order, unless otherwise provided for, shall be referred to and settled by a single arbitrator to be agreed between the parties or, failing agreement, to be appointed on the application of either party (after giving notice in writing to the other) by the President for the time being of the Chartered Institute of Arbitrators.

Signed

Julie James — Minister for Climate Change, one of the Welsh Ministers — 23 March 2022

Explanatory note

(This note is not part of the Order)

EXPLANATORY NOTE

This Order enables the transfer of the powers and statutory obligations in the Caernarfon Railway Light Railway Order 1997 from Ffestiniog Holdings Limited to the Festiniog Railway Company and amends the Festiniog Railway Act 1869 to modify the governance arrangements of the Festiniog Railway Company.

The Order does not authorise the construction of works.

Footnotes

[^f00001]: S.I. 2006/1466, amended by S.I. 2010/439, S.I. 2011/556, S.I. 2011/2085, S.I. 2012/147, S.I. 2012/1658, S.I. 2012/2590 and S.I. 2013/755.

[^f00002]: 1992 c. 42. Section 1 was amended by paragraphs 51 and 52 of Schedule 2 to the Planning Act 2008 (c. 29), section 5 was amended by S.I. 2012/1659.

[^f00003]: Powers under sections 1 and 5 of, and paragraphs 8, 15 and 16 of Schedule 1 to, the Act, are now vested in the Welsh Ministers so far as they are exercisable in relation to Wales. They were previously vested in the National Assembly for Wales by virtue of article 2 and Schedule 1 to the National Assembly for Wales (Transfer of Functions) Order 1999 (S.I. 1999/672). By virtue of paragraphs 30 and 32 of Schedule 11 to the Government of Wales Act 2006 (c. 32), they were transferred to the Welsh Ministers.

[^f00004]: 1869 c. cxli.

[^f00005]: S.I. 1997/2534.

[^f00006]: 1993 c. 43. As amended by the Transport Act 2000 (c. 38), Railways and Transport Safety Act 2003 (c. 43) and the Railways Act 2005 (c. 14).

[^f00007]: 1845 c. 16. This Act is incorporated with, and forms part of the 1869 Act by virtue of section 2 of the 1869 Act.

Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.

This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence. legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.