2.  Section 31(1) of the Merchant Shipping Act 1979 shall extend to the Bailiwick of Guernsey and the territorial waters adjacent thereto as part of its law with the following modifications, that is to say—

(a) for the words “Secretary of State” in both places where they occur there shall be substituted the words “States Board of Administration”;

(b) the words “made by statutory instrument” shall be omitted; and

(c) all the words from “and any statutory instrument” to the end shall be omitted.