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Ports Act 1991 (c. 52)

1991 CHAPTER 52

ARRANGEMENT OF SECTIONS

Go to Preamble

  1. Part I

    Transfer of Statutory Port Undertakings

    1. Transfer of Port Undertakings

      1. 1. Formation of companies for purposes of transfer of certain statutory port undertakings.

      2. 2. Transfer of undertakings.

    2. Disposal of ownership of the successor company

      1. 3. Initial issue of securities of the successor company.

      2. 4. Disposal by the authority of their holding in the successor company.

      3. 5. Control by appropriate Minister over exercise of authority’s functions under sections 3 and 4.

      4. 6. Supplementary provisions as to authority’s functions.

      5. 7. Dissolution of the authority.

      6. 8. Treatment of net proceeds of disposal of ownership.

    3. Procedure for schemes

      1. 9. Schemes made by a relevant port authority.

      2. 10. Schemes initiated by the Secretary of State.

      3. 11. The annual turnover requirement for the purposes of section 10.

      4. 12. Schemes made by the Secretary of State.

    4. Levy on initial disposals of securities of successor companies

      1. 13. Levy on initial disposals of securities of successor companies.

      2. 14. Payment of levy.

      3. 15. Information for purposes of levy.

      4. 16. Supplementary and consequential provisions relating to levy.

    5. Levy on disposals of land, etc.

      1. 17. Levy on disposals of land, etc.

      2. 18. Supplementary and consequential provisions relating to levy under section 17.

    6. Supplementary

      1. 19. Financial assistance for proposals to maximise employee participation in equity of successor companies.

      2. 20. Interpretation of Part I.

  2. Part II

    Disposal by Port of London Authority of the Port of Tilbury

    1. Disposal of the Port of Tilbury

      1. 21. Power of Port of London Authority to form a company to operate the port of Tilbury.

      2. 22. Transfer to the company of relevant property, etc., of the Port Authority.

      3. 23. Supplementary provisions relating to the transfer under section 22.

      4. 24. The required provision for the protection of pension rights.

      5. 25. Special provision with respect to works licences.

      6. 26. Powers of disposal in relation to the company.

      7. 27. Power of Secretary of State to require exercise of Port Authority’s powers under sections 21 and 22.

    2. Supplementary

      1. 28. Financial assistance for proposal to maximise employee participation in equity of the company.

      2. 29. Rateable values of relevant hereditaments during transitional period.

      3. 30. Interpretation of Part II.

  3. Part III

    Miscellaneous and Supplementary

    1. Lighthouses

      1. 31. Responsibility for local lighthouses.

      2. 32. General transfer of local lighthouses from general lighthouse authorities to harbour authorities.

      3. 33. Individual transfers of local lighthouses.

      4. 34. Provisions supplementary to sections 31 to 33.

    2. Supplementary

      1. 35. Corporation tax and taxation of company distributions.

      2. 36. Stamp duty.

      3. 37. Orders and regulations.

      4. 38. Directions.

      5. 39. Expenses.

      6. 40. General interpretation.

      7. 41. Northern Ireland.

      8. 42. Short title, commencement and extent.

    1. Schedule 1

      Supplementary provisions with respect to transfers under section 2.

      1. Part I

        Supplementary provisions of general application.

      2. Part II

        Supplementary provisions which may be included in schemes.

    2. Schedule 2

      General supplementary provisions with respect to transfer under section 22.

An Act to provide for the transfer to companies of certain statutory port undertakings and for the disposal of securities of the companies; to provide for a levy on initial disposals of securities of any company receiving such a transfer or of rights to require the issue of such securities; to provide for a levy in respect of gains accruing to such a company on disposals of certain land or certain interests in land; to provide for the transfer of certain property, rights, liabilities and functions of the Port of London Authority to a company formed by that Authority and for the disposal of securities of the company; to amend the law with respect to lighthouses, buoys and beacons and the authorities responsible for them; and for connected purposes.

[25th July 1991]

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

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