49U.K.In section 8 of the Fishery Limits Act 1976—
(a)for the definition of “foreign fishing boat” substitute—
““foreign fishing boat” means a fishing boat which is not—
(a)registered in the United Kingdom, the Channel Islands or the Isle of Man; or
(b)wholly British-owned;” and
(b)in the appropriate place insert—
““wholly British-owned” means wholly owned by persons qualified to own British fishing boats for the purposes of Part II of the Merchant Shipping Act 1995;”.