Ports Bill

Ways and Means – in the House of Commons at 9:42 pm on 28th January 1991.

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Resolved,That, for the purposes of any Act resulting from the Ports Bill, it is expedient to authorize—

  1. (1) a levy on disposals of—
    1. (a) securities; or
    2. (b) rights to require the issue of securities;
    of any company to which the undertaking of a harbour authority is transferred under the Act;
  2. (2) 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 transferrred by such a transfer subsists;
  3. (3) the payment into the Consolidated Fund of all payments of levy under the Act, interest on unpaid levy and penalties in respect of levy.—[Mr. McLoughlin.]