(1)The 1930 Act is amended as follows.
(2)The existing text of section 50 (power to lease fishery) becomes subsection (1) of that section.
(3)After that subsection insert—
“(2)The Company may grant leases or otherwise dispose of its interests in land purchased or leased under section 51 below.”.
(4)In section 51 (purchasing or leasing land)—
(a)omit “(by agreement but not otherwise)”;
(b)omit “not exceeding ten acres”.