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Article 4 Disposal of property

Original text. Later amendments are not shown.

(1)

Without prejudice to article 38 of the 1967 Order (disposal of land), but subject to paragraph (2) below, the Commissioners may so far as they consider desirable in the interests of efficient and economical management of the port dispose of any lands, works, buildings, machinery, equipment or other property in such manner, whether by way of lease, the creation of any easement, licence, right or privilege, or otherwise, for such period or periods, at such consideration or rent and on such terms and conditions as they think fit.

(2)

Paragraph (1) above does not confer upon the Commissioners any power of sale.

(3)

In article 38 of the 1967 Order

(a)

in paragraph (1)—

(i)

for the word “land” there shall be substituted the words “any lands, works, buildings, machinery, equipment or other property”; and

(ii)

after the word “consideration” there shall be inserted the words “or rent”; and

(b)

paragraph (2) shall be omitted.