Textual Amendments
The Lords of the Committee of Privy Council appointed for the consideration of matters relating to trade and foreign plantations may be described in all Acts of Parliament, deeds, contracts, and other instruments, by the official title of “the Board of Trade” without expressing their names; and all Acts of Parliament, contracts, deeds, and other instruments wherein they are so described, shall be as valid as if the said Lords or any of them had been named therein.
All lands and hereditaments heretofore purchased or taken by or in the name or names of any person or persons, for the use of the department of the Board of Trade, and all lands and hereditaments hereby transferred to and vested in the Board of Trade, and all lands and hereditaments that may hereafter be conveyed to the Board of Trade, or to any other person or persons for the use of the department of the Board of Trade, shall, upon and after the passing of this Act, vest in . . . F2 the Board of Trade, . . . F2 and shall be held by such persons and their successors in office on trust for Her Majesty, . . . F2, for the public service.
Textual Amendments
F2Words repealed by Statute Law Revision Act 1892 (c. 19)
Any deed, contract, or other instrument to be executed by or on behalf of the Board of Trade shall be valid if under the seal of the Board of Trade and signed by the President or Vice-President thereof, or signed, if there be no President or Vice-President, by any one of Her Majesty’s Principal Secretaries of State.
The monies to arise by any sale of land made by the Board of Trade shall be paid to such persons as the said Board appoint; and a receipt signed by the President or Vice-President of the said Board, or, if there be no such officers, by any one of Her Majesty’s Principal Secretaries of State, shall be an effectual discharge to the purchaser.
The Board of Trade may purchase any lands they may require for the public service; and for the purposes of such purchase the clauses of the M1Lands Clauses Consolidation Act 1845, and of the M2Lands Clauses Consolidation (Scotland) Act 1845, and of any Act amending the same, with the exception of such clauses of the said Acts as relate to the purchase of lands otherwise than by agreement, and to access to the special Act, shall be incorporated with this Act.