Ports Act 1991

1991 CHAPTER 52

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:—