HC Deb 23 July 1991 vol 195 cc1082-3

Resolved, That, for the purposes of any Act resulting from the Ports Bill, it is expedient to authorise a levy in respect of gains accruing to any company to which the undertaking of a harbour authority is transferred under the Act on disposals of— —

  1. (a) land which belongs both immediately before and immediately after the transfer to a transferred 51 per cent. subsidiary;
  2. (b) interests in land which belong both immediately before and immediately after the transfer to a transferred 51 per cent. subsidiary;
    3. 1083
  3. (c) interests in land within paragraph (a) above or in land in which an interest within paragraph (b) above subsists at the time of the transfer.—[Mr. McLoughlin.]