(1)There shall be paid out of the General Lighthouse Fund—
(a)any expenses (whether of a capital nature or not) incurred by the Secretary of State in pursuance of any international agreement relating to the provision of an electronic position-fixing system which is intended as an aid to the navigation of ships; and
(b)any expenses incurred by the Secretary of State preliminary to his entering into any such agreement.
(2)Any sums received by the Secretary of State in pursuance of any such agreement in respect of—
(a)expenses incurred by him as mentioned in subsection (1)(a) of this section, or
(b)expenses incurred by any of the general lighthouse authorities which, by virtue of any enactment, are payable out of the General Lighthouse Fund,
shall be paid into the Fund.]
Textual Amendments
F1Ss. 2A, 2B inserted by Merchant Shipping Act 1988 (c. 12, SIF 111), s. 43, (with s. 58(4), Sch. 8 para. 1)