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2. In this Order, unless the context otherwise requires, the following expressions have the meanings hereby respectively assigned to them:–
“the Board” means the British Railways Board;
“the Company” means Vale of Rheidol Railway Limited incorporated under the Companies Act 1985(1) and having its registered office at Euston House, 24 Eversholt Street, London NW1 1D2;
“Railway No. 1” and “Railway No. 2” mean respectively the railways more particularly described in the Schedule to this Order;
“the railways” means Railway No. 1 and Railway No. 2;
“the Scheme” means a scheme made under Part I of the Transport Act 1981(2) transferring the property, rights and liabilities of the Board in the railways to the Company;
“the specified enactment” means section 25 (Restrictions on weight on rails and speed) of the Vale of Rheidol Light Railway (Aberayron Extension) Order 1898; and
“the transfer date” means the day on which the railways are vested in the Company by virtue of the Scheme.
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