2. For section 21(2), there shall be substituted the following provision:—
“(2) In the preceding subsection, the expression ‘United Kingdom ship’ shall include a ship which—
(a)is registered in Guernsey; or
(b)is not registered under the law of any country but is wholly owned by persons each of whom is either a citizen of the United Kingdom and Colonies who is resident in Guernsey or a body corporate which is established under the law of Guernsey and has its principal place of business in Guernsey;
and the power conferred by the preceding subsection to make provision for giving effect to an agreement includes power to provide for the provision to come into force although the agreement has not come into force.”