The Cowes Harbour Revision Order 1989

Type Statutory-Instrument
Publication 1989-10-02
State In force
Department Queen's Printer of Acts of Parliament
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Made: 2nd October 1989

Coming into force: 3rd October 1989

The Secretary of State for Transport, in exercise of the powers conferred by section 14 of the Harbours Act 1964[^f00001] and now vested in him[^f00002] (being the appropriate Minister under section 14(7) of that Act for the purpose of making this Order) and of all other powers enabling him in that behalf, and on the application of the Commissioners for the Harbour of Cowes, hereby makes the following Order:—

PART I — PRELIMINARY

Citation and commencement

1

Interpretation

2

In this Order, unless the context otherwise requires—

PART II — BORROWING POWERS

Power to borrow

3

(46) (1) Subject to the following provisions of this Act, the Commissioners may from time to time borrow at interest upon the security of all or any of the revenues and property of the Commissioners and by any method they see fit such sums of money as they think necessary. (2) The total amount borrowed under this Act and outstanding at any one time shall not exceed £1 million. (3) In calculating for the purposes of this section the aggregate amount of money borrowed by the Commissioners and outstanding at any one time there shall be excluded any sums borrowed for use within 12 months of the date of borrowing for repayment of any sum for the time being outstanding by way of principal on any amount previously borrowed. (4) All moneys borrowed under this Act shall be applied by the Commissioners only for the purposes to which capital is properly applicable. (5) For the purposes of subsection (4) above, but without prejudice to its generality, purposes to which capital money is properly applicable shall be deemed to include— (a) the payment of any interest falling due within the five years immediately following the date of borrowing of any sum borrowed under this Act; and (b) the repayment within 12 months of the date of borrowing of any sum for the time being outstanding by way of principal on any amount previously borrowed.

PART III — CONTROL OF WORKS AND DREDGING

Restriction of works and dredging

4

Licensing of works

5

Licensing of dredging

6

Appeals in respect of works or dredging licences

7

Further protection of gas undertakers

8

Crown rights

9

Savings for Trinity House

10

Nothing in this Order shall prejudice or derogate from any of the powers, rights, duties or privileges of the Corporation of Trinity House of Deptford Strond.

Signed

Signed by the authority of the Secretary of State

H B Wendan-Smith — An Under Secretary in the — 2nd October 1989

Explanatory note

This note is not part of the Order)

This Order amends the borrowing powers of the Commissioners for the Harbour of Cowes contained in section 46 of the Cowes Harbour Act 1897 and, in particular, empowers the Commissioners to borrow sums not exceeding £1 million.

The Order also empowers the Commissioners to grant licences in respect of the carrying out of works and dredging within the harbour.

The applicants for the Order are the Commissioners for the Harbour of Cowes.

Footnotes

[^f00001]: 1964 c. 40; section 14 and Schedule 3 were amended by the Transport Act 1981 (c. 56) section 18 and Schedule 6, paragraphs 2 to 4 and 14.

[^f00002]: See section 57(1) of the Harbours Act 1964 and S.I. 1981/238.

[^f00003]: 1897 c.cclviii.

[^f00004]: 1986 c. 44.

[^f00005]: See 1931 c.lxxxix.

[^f00006]: 1984 c. 12.

[^f00007]: See 1936 c.lxxx.

[^f00008]: 1936 c. 49.

[^f00009]: 1963 c. 38.

[^f00010]: 1973 c. 37.

[^f00011]: 1976 c. 70.

[^f00012]: 1989 c. 15.

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