6.—(1) Except as may be otherwise provided in this Order, the railway orany part thereof shall be subject to all statutory and other provisionsapplicable to the former railway (insofar as the same are stillsubsisting and capable of taking effect) and the Company shall to theexclusion of the Board be entitled to the benefit of and to exercise allrights, powers and privileges and be subject to all obligationsstatutory or otherwise relating to the former railway (insofar as thesame are still subsisting and capable of taking effect) to the intentthat the Board shall be released from all such obligations.
(2) Paragraph (1) of this article shall have effect in relation to anypart of the former railway as from the date upon which such part istransferred to and vested in the Company by agreement.