In this Order unless the context otherwise requires the following expressions have the meanings hereby respectively assigned to them, that is to say:–

• “the Board” means the British Railways Board;

• “the Borough Council” means the Council of the Borough of Charnwood;

• “the Company” means the Great Central Railway Company (1976) Public Limited Company having its registered office at Loughborough Central Station, Loughborough, Leicestershire;

• “the Borough Council’s Railway” means the railway authorised to be constructed, made and maintained by the Borough Council pursuant to article 3 hereof and more particularly described in the Schedule hereto and, so long as any part of the said railway and works remain uncompleted, includes the site of that part;

• “the Lease” means the existing Lease dated 21 April 1978 and made between the Borough Council and the Company whereby the land comprising the Borough Council’s Railway was demised to the Company for the term of 99 years from 21 April 1978 at the rents and on the terms and conditions therein mentioned and any extension thereof or any new lease granted pursuant to article 4 (1) of this Order or under any statutory powers or provisions;

• “the 1978 Order” means the Loughborough and Birstall Light Railway Order 19783;

• “the principal Act” means the Light Railways Act 1896.