In this Order, unless the context otherwise requires, the following expressions have the meanings hereby respectively assigned to them—
“ the Board ” means the British Railways Board;
“the former railway” means the railway or former railway of the Board described in the Schedule to this Order together with all lands and works relating thereto;
“the lease” means any lease granted under paragraph (1) of article 7 (Sale or lease of railway to Railway Company ) of this Order, any extension of the same or any new lease granted under any statutory powers or provisions;
“the operators” means Tilcon Holdings Limited;
Provided that—
during the currency of the lease and subject to the terms thereof “the operators” in respect of so much of the railway as is so demised shall include the Railway Company; and
if the freehold of any part of the railway is at any time vested in the Railway Company pursuant to article 7 of this Order “the operators”, in respect of so much of the railway as is so vested, shall thereafter mean the Railway Company and not Tilcon Holdings Limited;
“the principal Act ” means the Light Railways Acts 1896 and 1912, as amended by the Railways Act 1921;
“the railway” means the railway authorised to be constructed, made and maintained pursuant to article 5 of this Order together with all lands and works relating thereto and, where any part of the said railway and works remains uncompleted, includes the site of that part;
“the Railway Company” means the Yorkshire Dales Railway Museum Trust (Holdings) Limited incorporated under the Companies Act 1948 and having its registered office at Albion House, Rope Walk, Otley Street, Skipton, North Yorkshire; and
“Tilcon Holdings Limited” means the company of that name (originally known as A. Braithwaite & Co. Limited and incorporated under the Companies Acts 1908 to 1917) having its registered office at Conyngham Hall, Knaresborough, North Yorkshire.