the Treasury, and the Treasury may borrow from the National Debt Commissioners, such money as may be required for the purpose of advances by the Treasury under this Act, on such terms as to interest, sinking fund, and period of repayment (not exceeding thirty years from the date of the loan) as may be agreed on between the National Debt Commissioners and the Treasury.
(3.) The sums so lent by the National Debt Commissioners shall be repaid out of money provided by Parliament for the purpose, and if and so far as that money is insufficient shall be charged on, and payable out of, the Consolidated Fund, or the growing produce thereof.
Power of owner to grant land or advance money for a light railway5.—(1.) Where any person has power, either by statute or owner to grant otherwise, to sell and convey any land for the purpose of any works of a railway under this Act, he may, with the sanction of for a light the Board of Works given under this section, convey the land for that purpose either without payment of any purchase money or compensation, or at a price less than the real value, and may so convey it free from all incumbrances thereon.
(2.) Whenever any person who is a landowner within the meaning of the Improvement of Land Act 1864 27 & 28 Vict c. 114., contributes any money for the purpose of any works of a railway under this Act, the amount so contributed may, with the sanction of the Board of Works given under this section, be charged on the land of the landowner improved by the works in the same manner, and with the like effect, as in the case of a charge under that Act.
(3.) The Board of Works shall not give their sanction under this section unless they are satisfied that the works for which the land is conveyed or the money is contributed will effect a permanent increase in the value of the land held by the same title or of other land of the same landowner exceeding, in the case of a conveyance of land, that which is, in the opinion of the Board of Works, the real value of the land conveyed, or the difference between that value and the price, as the case may be, and in the case of a contribution of money the amount contributed: Provided also, that if the land proposed to be conveyed is subject to incumbrances, the Board of Works, before giving their sanction under this section, shall cause notice to be given to the incumbrancers, and shall consider the objections, if any, raised by them.
Entry on Lands.6.—(1.) The Board of Works or any company authorised to construct a railway under this Act, with the consent of that Board, may, before the arbitrator has framed his draft award, enter upon any land, which they are by any Order in Council made under this Act authorised to take, without making any deposit in the bank.
(2.) Where any such entry is made the Board of Works shall pay to the persons entitled thereto the purchase money or compensation agreed upon or awarded to such persons pursuant to the Lands Clauses Acts in respect of the lands so entered upon, and those Acts as amended by this section shall apply accordingly.
(3.) Where any Order in Council under this Act incorporates the Lands Clauses Acts the award of the arbitrator under those Acts