New South Wales Repealed Acts New South Wales Repealed ActsThis legislation has been repealed.
(1) In the event of the Yarrawonga-Oaklands, Echuca-Deniliquin or Barnes-Balranald Railway being sold to the Government of the State of New South Wales in accordance with clause thirty-eight of the Agreement set out in the Schedule to the Border Railways Act 1922-1941 , the Government of the State of New South Wales shall pay to the Board the value as hereinafter determined of the grain elevators constructed, maintained, operated and controlled by the Board pursuant to this Act, upon the land resumed or acquired for the purpose of any such Railway.
The provisions of the said clause thirty-eight shall apply, mutatis mutandis, in assessing the value of such grain elevators.
Payment in accordance with this subsection shall be in full satisfaction of all claims whatsoever in respect of such grain elevators.
(2) Upon the completion of such sale, the rights and powers conferred by this Act upon the Board or the corporation referred to in section three of this Act in respect of such grain elevators shall cease and determine, and the management and control of the grain elevators shall vest in such authority as the Governor may, by proclamation published in the Gazette, appoint.