WHEREAS—

(1) The statutory harbour undertaking at Folkestone was transferred from Sealink U.K. Limited to Sealink Harbours Limited in 1982 pursuant to a scheme made under section 2 of the [1981 c. 56.] Transport Act 1981:

(2) By virtue of the [S.I. 1991/237.] Sealink (Transfer of Folkestone Harbour) Harbour Revision Order 1991 that undertaking was transferred from Sealink Harbours Limited to Folkestone Properties Limited (“the Company”), a company incorporated under the [1985 c. 6.] Companies Act 1985:

(3) It would be of public and local advantage to regenerate parts of Folkestone Harbour by the creation of a waterside development comprising housing, shops and leisure facilities, together with facilities for the mooring of vessels:

(4) It is expedient that the Company be empowered to reclaim land for these purposes and to carry out certain other works of improvement:

(5) It is expedient that the other provisions of this Act be enacted:

(6) The objects of this Act cannot be attained without the authority of Parliament:

(7) A plan and sections showing the lines, situations and levels of the works by this Act authorised and the lands which may be used for the purposes thereof have been deposited in the office of the Clerk of the Parliaments, in the Private Bill Office of the House of Commons and with the Chief Executive of Kent County Council, and such plan and sections are respectively referred to in this Act as the deposited plan and the deposited sections:

May it therefore please Your Majesty that it may be enacted, and be it enacted, by the Queen’s most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same as follows, that is to say:—