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2.—(1) For the purposes of section 29 of the Act the Secretary of State specifies the following class of ships, that is to say ships which are—
(a)British ships to which the Act applies; and
(b)not registered whether in the United Kingdom or elsewhere; and
(c)wholly owned by persons each of whom is either a citizen of the United Kingdom and Colonies or a body corporate which is established under the law of a port of the United Kingdom and has its principal place of business in a port of the United Kingdom.
(2) The Secretary of State directs that in all circumstances the provisions of the Act relating to ships registered in the United Kingdom shall have effect in relation to ships of the class specified in paragraph (1) above as if they were registered in the United Kingdom.
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