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(2) The Lord Lieutenant by Order in Council may from time to time declare that it is desirable that a light railway should be constructed between certain places for the development of fisheries or other industries, but that owing to the circumstances of the district special assistance from the State is required for its construction, and declare that the provisions herein-after enacted shall be applicable to such light railway, and thereupon the provisions of this Act shall be applicable to a light railway between the said places; but the provisions of this Act shall not apply except to a light railway specified in such an Order in Council as aforesaid, and shall cease to apply to such railway unless the same be constructed within a period to be mentioned in the said order or such extended period as shall be named in any subsequent order.
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