S.I. No. 39/1948 - Merchant Shipping Act, 1947 (Section 10) Regulations, 1948.

S.I. No. 39 of 1948.

MERCHANT SHIPPING ACT, 1947 (SECTION 10) REGULATIONS, 1948.

I, SEÁN F. LEMASS, Minister for Industry and Commerce, in exercise of the powers conferred on me by Section 10 of the Merchant Shipping Act, 1947 (No. 46 of 1947), hereby make the following regulations :—

1. These Regulations may be cited as the Merchant Shipping Act, 1947 (Section 10) Regulations, 1948.

2. A transaction which—

(a) is a transfer, mortgage or transfer of a mortgage in which both the transferror or mortgagor and the transferee or mortgagee is one or more than one of the following:—

(i) a person ordinarily resident in the State,

(ii) a company incorporated in the State, or

(b) is a transfer, mortgage or transfer of a mortgage of a ship which—

(i) does not exceed 15 tons gross, and

(ii) is not a fishing boat required to be entered in the fishing boat register in accordance with Section 373 of the Merchant Shipping Act, 1894,

or any share therein,

shall be an excepted transaction for the purposes of Section 10 of the Merchant Shipping Act, 1947 (No. 46 of 1947).

GIVEN under my Official Seal, this 30th day of January, 1948.

SEÁN F. LEMASS,

Minister for Industry and Commerce.