SCHEDULES

THIRD SCHEDULEU.K. Issue of Transport Stock to Companies owning the Underground Undertakings and distribution of that stock

Part IIIU.K. Constitution of the Central London (New) Guaranteed Assented Stock

3U.K.The new assented stock shall be of a similar character to the Guaranteed Assented Stocks constituted by the old trust deed but having its fixed rate of interest of four per cent. per annum guaranteed by [F1the Executive] and not by the Underground Company.