The Railway and Canal Securities (Conversion Date) (No. 4) Order, 1948
EXPLANATORY NOTE
(This Note is not part of the Order, but is intended to indicate its general purport.)
Part II of the Fifth Schedule to the Transport Act, 1947, deals with the issue of British Transport Stock to the holders on "the conversion date" of railway and canal securities where the compensation attributable to those securities is determined after the 1st January, 1948, and with the rights attaching to those securities between that date and "the conversion date". The conversion date i...