OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order increases to £3 million the maximum amount which the Yarmouth (Isle of Wight) Harbour Commissioners may borrow for the purposes of the harbour on the security of their assets and reserves and increases to £300,000 the maximum amount which the Commissioners may borrow temporarily by way of overdraft or otherwise.

The Order also amends provisions in the Yarmouth (Isle of Wight) Harbour Revision Order 1971 relating to byelaws and to the penalty for evading payment of charges.

The applicants for the Order are the Yarmouth (Isle of Wight) Harbour Commissioners.