The Ports (Northern Ireland) Order 1994

Statutory Instrument 1994 No. 2809 (N.I. 16)

The Ports (Northern Ireland) Order 1994

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STATUTORY INSTRUMENTS

1994 No. 2809 (N.I. 16)

NORTHERN IRELAND

The Ports (Northern Ireland) Order 1994

Made

2nd November 1994

Coming into operation

3rd January 1995

ARRANGEMENT OF ORDER

Article
Introductory
1.	Title and commencement.
2.	Interpretation.
Transfer of statutory port undertakings
3.	Formation of companies for purposes of transfer of certain statutory port undertakings.
4.	Transfer of undertakings.
Disposal of ownership of the successor company
5.	Initial issue of securities of the successor company.
6.	Disposal by the authority of its holding in the successor company.
7.	Control by the Department over exercise of authority's functions under Articles 5 and 6.
8.	Supplementary provisions as to authority's functions.
9.	Dissolution of the authority.
10.	Treatment of net proceeds of disposal of ownership.
Procedure for schemes
11.	Schemes made by a relevant port authority.
12.	Schemes initiated by the Department.
13.	The annual turnover requirement for the purposes of Article 12.
14.	Schemes made by the Department.
Levy on initial disposals of securities of successor companies
15.	Levy on initial disposals of securities of successor companies.
16.	Payment of levy.
17.	Information for purposes of levy.
18.	Supplementary and consequential provisions relating to levy.
Levy on disposals of land, etc.
19.	Levy on disposals of land, etc.
20.	Supplementary and consequential provisions relating to levy under Article 19.
Employee participation
21.	Maximising employee participation.
22.	Financial assistance for proposals to maximise employee participation in equity of successor companies.
Miscellaneous
23.	Stamp duty.
24.	Directions.
25.	Orders.


	Schedule—	Supplementary provisions with respect to transfers under Article 4.

Explanatory Note
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