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(1)The Company may, from time to time, deepen, widen, dredge, scour, cleanse, alter and improve the foreshore and bed of the harbour and the approaches thereto and blast any rock therein and may use, appropriate or dispose of the materials (other than wreck within the meaning of Part IX of the [1894 c. 60.] Merchant Shipping Act 1894) from time to time dredged by them:
Provided that no materials so dredged (other than those dredged for the purpose of constructing the works) shall be deposited below the level of high water except in such position as the Secretary of State may approve and subject to such conditions or restrictions as he may impose.
(2)The Company may provide, place, lay down, maintain and use moorings in the harbour and may make them available to any person on such terms and conditions as it thinks fit.
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