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London Passenger Transport Act 1933
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90Protection for holders of debenture stock of London United Tramways Limited.
As and when the transport stock to which the holders of the four per cent. First Mortgage Debenture Stock (in this section referred to as " existing debenture stock") of the London United Tramways Limited become entitled by virtue of the provisions of Part II of the Third Schedule to this Act is issued, the Board shall pay to such persons as may be certified by the company to be holders of existing debenture stock at the appointed day the sum of fifteen shillings in respect of each one hundred pounds of existing debenture stock surrendered.
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