2Transfer of certain light dues and charges to General Lighthouse Bund.
(1)All colonial light dues shall, after the commencement of this Act, be carried to the General Lighthouse Fund, subject to the prior payment thereout of any sums payable on account of money secured on those dues at the commencement of this Act in accordance with the conditions on which the money is secured.
(2)All sums which, at the commencement of this Act, are standing to the credit of the accounts kept by the Board of Trade with respect to colonial light dues (including any sum standing to the credit of the Basses Lights Fund), shall be transferred and paid to the General Lighthouse Fund, but shall remain subject to any existing charges thereon.
(3)All expenses incurred in constructing or maintaining any colonial lights, and the contributions made by Her Majesty's Government in respect of the lighthouse on Cape Spartel, Morocco, shall, after the commencement of this Act, be paid out of the General Lighthouse Fund.
(4)Sections six hundred and sixty-one, six hundred and sixty-two, and six hundred and sixty-three of the [57 & 58 Vict. c. 60.] Merchant Shipping Act, 1894, (which relate to the advance and borrowing of money for the purpose of the construction and repair of lighthouses) shall apply in the case of colonial lights as they apply in the case of other lighthouses, buoys, or beacons.
(5)All expenses incurred after the commencement of this Act by the Board of Trade or any of the general lighthouse authorities in making and maintaining communication between lighthouses and the shore shall be paid out of the General Lighthouse Fund. Provided that such communication shall be available for private messages at reasonable charges, so far as may be compatible with the efficiency and safety of the lighthouse service, and all sums received in respect thereof shall be paid to the General Lighthouse Fund.