Section 15: Power to discharge purchase price by issue of stock, etc.

The Authority, with the approval of the Minister, may by agreement with the undertaker concerned discharge the whole or any part of the purchase price to any authorised or non-statutory undertaker, in respect of any undertaking or part thereof or of any other property acquired under this Act by the issue to, or the creation in favour of such undertaker of such amount of stock or other securities as may be agreed upon to be equivalent in value to the whole or part of such purchase price, in respect of which the stock or other securities are issued or created.