Volume Three - The Pontoon Era - The Taff Vale Railway Act, 1908 . . .

and notwithstanding anything contained in the memorandum or articles of association of the slipway company the directors so nominated by the Company shall not be required to hold any shares or stock of the slipway company.

3. The Company shall not under any circumstances without the previous sanction of Parliament either directly or indirectly advance to the slipway company whether by foregoing payments of installments or interest or otherwise any sum or sums of money other than or in excess of the sum of fifty thousand pounds by this Act authorised to be advanced by the Company and the Company shall forthwith take all necessary steps to enforce the repayment by the slipway company of the sum of five thousand pounds already advanced by the Company to the slipway company.

4. From and after the completion and opening of the floating pontoon to be provided under the agreement set forth in the schedule of this Act it shall not be lawful for the Company to demand for any vessel which may have re-entered the Penarth dock or basin after having left the same solely for the purpose of survey repair or other like work at any dry dock slipway or pontoon or ship-repairing premises outside the said dock or basin and having undertaken no intermediate voyage or business rates other than or in addition to those which would have been incurred if such vessel had been loaded or discharged in Penarth dock or basin without having left the same for the purpose of such survey repair or other like work and the time covered by the rates payable to the Company on the vessel first entering Penarth dock or basin shall not run during the period while the vessel is proceeding from and to the Penarth dock or basin to and from such dry dock or other premises as aforesaid and undergoing such survey repair or other like work.

5. The Company shall at all times hereafter continue to afford to all shipbuilders and ship-repairers all reasonable facilities for the purpose of surveying for tendering for and executing repairs to any vessel lying or being in such portion of their Penarth dock and harbour as is not included in the lease to be granted to the slipway company in pursuance of the agreement set forth in the schedule to this Act and the Company and the slipway company shall at the instance of the owner or agent of any vessel lying or being within the premises comprised in the said lease afford to the surveyors of such shipbuilders or ship-repairers as the said owner or agent may from time to time indicate all reasonable facilities of survey for the purpose of tendering for repairs intended to be effected to such vessel.