Harbours Act, 1946

Special provisions with respect to certain sinking funds of Cork Harbour Commissioners.

184.—Where the amount in a sinking fund maintained by the Cork Harbour Commissioners in relation to any mortgages and stock made or issued by them before the passing of this Act equals or exceeds the amount remaining due in respect of the mortgages together with the nominal value of so much of the stock as remains outstanding, any obligation of the Commissioners to make further contributions to the sinking fund shall cease.