3Cesser of powers under 9 Edw. 7. c. 47 as to harbours, and consequential provisions
(1)No further advances shall be made under Part I of the Development and Road Improvement Funds Act, 1909, for the construction or improvement of harbours.
(2)All rights and liabilities of the Treasury under any agreement made before the commencement of this Act for the making by them of an advance under the said Part I for the construction or improvement of a harbour in England or Wales shall, by virtue of this subsection, vest in the Minister of Agriculture and Fisheries, and all rights and liabilities of the Treasury under any agreement so made for the making by them of an advance under the said Part I for the construction or improvement of a harbour in Scotland shall by virtue of this subsection, vest in the Secretary of State.
(3)Subsection (3) of the last foregoing section shall apply to any loan in respect of which rights and liabilities of the Treasury vest in the Minister of Agriculture and Fisheries or the Secretary of State by virtue of the last foregoing subsection as it applies to a loan made under that section by that Minister or the Secretary of State, as the case may be.