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3.—(1) The Executive may acquire compulsorily so much of the land specified in [F1columns (1) and (2)] of Part 1 (acquisition of land) of Schedule 1 (acquisition of land and rights) (being land shown on the land plans and described in the book of reference) as may be required for the purposes specified in relation to that land in column (3) of that table and may use any land so acquired for those purposes or for any other purposes that are ancillary to its tramway undertaking.
(2) The powers conferred by paragraph (1) in relation to the land numbered 339 on the land plans do not extend to any part of that land below a level of 2.590 metres above the water level of the Dudley Canal No 1.