Harbours Act, 1946

Regulations in relation to mortgages.

126.—(1) The Minister may make regulations in relation to mortgages made under this Act by a harbour authority.

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

(a) the form of mortgages,

(b) the registers to be kept in relation to mortgages,

(c) the transfer of mortgages and the form of such transfers,

(d) the repayment of moneys borrowed on the security of mortgages,

(e) the appointment and powers of receivers.

(3) Notwithstanding any other provision of this Act, if any provisions contained in sections 75 to 88 of the Commissioners Clauses Act, 1847, applied immediately before the passing of this Act in relation to any mortgages then in force of a harbour authority, those provisions, subject to any variations which may have been made in them by the enactment by virtue of which they so applied, shall continue to apply after the passing of this Act in relation to those mortgages of that harbour authority.