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4. In regulation 8:
(a)in paragraph (1):
(i)for “(3) and (4)” there shall be substituted “(3), (4) and (5)”;
(ii)for “to be the owners of British ships” there shall be substituted “under regulation 7(1)”;
(b)in paragraph (2), for “Where entitlement arises by virtue of the majority interest being made up of” there shall be substituted “Where a majority interest in a ship is owned by”;
(c)in paragraph (4) for “Where entitlement to be registered arises by virtue of the fact that” there shall be substituted “Where”;
(d)in paragraph (5):
(i)for “Where entitlement to be registered arises by virtue of the fact that” there shall be substituted “Where”;
(ii)for “the ship shall be entitled to be” there shall be substituted “the ship shall only be”.
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