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(1)If it appears to the Treasury on the representation of the Commissioners of Woods and the Board of Trade that the transfer of any foreshore from the management of the Commissioners to that of the Board, or from the management of the Board to that of the Commissioners, would be convenient for the purposes of administration, the Treasury may by order make such a transfer, with or without payment in respect thereof, as they think fit, subject however and without prejudice to the rights and interests (if any) of any other person therein.
(2)Any foreshore transferred to the management of the Commissioners of Woods or the Board of Trade under this section shall be subject to the like provisions and dealt with in the same manner—
(a)in the case of foreshore transferred to the management of the Board of Trade, as if it had been transferred under section seven of the [29 & 30 Vict. c. 62.] Crown Lands Act, 1866, and compensation had been paid therefor to the land revenue of the Crown ; and
(b)in the case of foreshore transferred to the management of the Commissioners of Woods, as if it had been excepted from transfer to the management of the Board of Trade under the last-mentioned section.
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