Ports

Bill Presented – in the House of Commons at 3:32 pm on 16 January 1991.

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Mr. Secretary Rifkind, supported by Mr. Secretary Heseltine, Mr. Secretary Wakeham, Mr. John Gummer, Mr. Secretary Hunt, Mr. Secretary Lang, Mr. Francis Maude and Mr. Patrick McLoughlin, presented a Bill 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 land which is the subject of such a transfer or of interests in such land or in land in which an interest transferred by such a transfer subsists; 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: And the same was read the First time; and ordered to be read a Second time tomorrow and to be printed. [Bill 57.]