Article 2 Interpretation

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

• “the Company” means The Festiniog Railway Company;

• “the deposited plan” means the plan deposited in respect of the application for this Order with the Secretary of State for Transport, 2 Marsham Street, London SW1P 3EB and at the registered office of the Holdings Company;

• “the Holdings Company” means Ffestiniog Railway Holdings Limited and whose registered office is at Harbour Station, Porthmadog, Gwynedd, LL49 9NF;

• “the Liquidator” means the Liquidator of Welsh Highland Railway (Light Railway) Company (In Liquidation);

• “the principal Order” means the Welsh Highland Railway (Light Railway) Orders 1922 and 1923^f1;

• “the railway” means the railway authorised by the principal Order to be acquired by the Welsh Highland Railway (Light Railway) Company and described in the Schedule to this Order;

• “the Trust” means The Festiniog Railway Trust, registered charity no. 239904;

• “the undertaking” means the railway and other property, rights and liabilities of the subsisting undertaking of the Welsh Highland Railway (Light Railway) Company.