63 Government financial assistance where railway administration orders made
Railways Act 1993 (1993 c 43) | Legislation

63  Government financial assistance where railway administration orders made

(1)     Where a railway administration order is for the time being in force in relation to a company [other than a Scottish protected railway company] [or a Welsh protected railway company], the Secretary of State may, with the consent of the Treasury—

(a)     make to the company grants or loans of such sums as appear to him to be appropriate for the purpose of facilitating the achievement of the purposes of the order;

[(b)     agree to indemnify a relevant person in respect of—

(i)     liabilities incurred by that person in connection with the carrying out by the railway administrator of his functions under the order; and

(ii)     loss or damage incurred by that person in that connection].

(2)     The Secretary of State may, with the consent of the Treasury, guarantee, . . ., the repayment of the principal of, the payment of interest on and the discharge of any other financial obligation in connection with any sum which is borrowed from any person by a company [where that company—

(a)     is a company in relation to which a railway administration order is in force at the time when the guarantee is given; and

(b)

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