Harbours Act, 1946

Regulations in relation to stock.

127.—(1) The Minister may make regulations in relation to stock issued under this Act by a harbour authority.

(2) Regulations made under this section in relation to stock issued by a harbour authority may, in particular, make provision in respect of all or any of the following matters:—

(a) the manner in which stock is to be created, issued, charged, transferred, transmitted, dealt with and redeemed,

(b) the discharge of loans raised by the issue of stock,

(c) the accounts to be kept in relation to stock,

(d) in case of consolidation of debt, the extension or variation of the times within which loans are to be discharged,

(e) consent in the case of limited owners,

(f) the application of moneys raised by the issue of stock,

(g) dividends,

(h) appointment of registrars for the purposes of stock,

(i) returns to be made to the Minister,

(j) failure to claim dividends or stock,

(k) fees to be chargeable by a harbour authority in respect of stock,

(l) the application in respect of stock, with or without modification, of any enactments.