Tyne Improvement Act 1897
| Jurisdiction | England & Wales |
| Citation | 1897 c. ccix |
CHAPTER ccix.
An Act for empowering the Tyne Improvement A-D. 1897.
Commissioners to create and issue Stock and for the
completion of "Works and for amending certain of the
provisions of the Tyne Improvement Acts 1850 to 1890
and for other purposes. [6th August 1897.]
W
HEREAS hy the Tyne Improvement Acts 1850 to 1890 the
Tyne Improvement Commissioners (in this Act called "„the
Commissioners") were constituted and incorporated and were
empowered to execute extensive works for the improvement of the
River Tyne and to construct and maintain docks piers and other
works and for those purposes to levy dues and to borrow money:
And whereas all dues rates tolls charges and moneys received by
the Commissioners are now carried to one fund known as the Tyne
Consolidated Fund and all expenditure of the Commissioners is
defrayed out of that fund:
And whereas the Commissioners under the Tyne Improvement
Acts 1850 to 1890 are authorised to borrow sums amounting in the
aggregate to four million three hundred and twelve thousand pounds
and of that amount they have raised up to the thirty-first October
one thousand eight hundred and ninety-six by debenture stock one
hundred and four thousand seven hundred and eighty pounds and
hy three mortgages two thousand three hundred and fifty pounds
and by mortgages ranking pari passu with each other but after the
said debenture stock and three mortgages four million one hundred
and sixty-nine thousand eight hundred and twenty-seven pounds
three shillings:
And whereas the Commissioners have no power to create or issue
any further debenture stock :
And whereas it is expedient to empower the Commissioners to
create and issue stock and to make provisions for the conversion of
their existing debt or any part thereof into such stock:
{Price
Is. 9] A 1
A.D.
1897.
And whereas under section 20 of the Tyne Improvement Act
— 1872 section 19 of the Tyne Improvement Act 1877 and section 6
of the Tyne Improvement Act 1886 the Commissioners are under
an obligation from time to time at yearly half-yearly or other
intervals to appropriate out of the income of the Tyne Consolidated
Eund such
sums as
(with any accumulation thereof) will be sufficient
to pay off within sixty-one years from the passing of the Tyne
Improvement Act 1886 (that is to say on or before the fourth day
of June one thousand nine hundred and forty-seven) all money
borrowed by them but the Commissioners are not obliged
t©
make
any such appropriations until after the fourth clay of June one.
thousand eight hundred and ninety-seven:
And whereas the time limited for the completion of the works
•
authorised by any of the Tyne Improvement Acts 1850 to 1890
except the works to which no limit of time is.applicable will expire
on the fourth day of June one thousand eight hundred and ninety-
seven and it is expedient to extend that time :
And whereas the expenditure on those works has been largely
defrayed out of the surplus revenue of the Tyne Consolidated .Fund
and it is proposed to similarly defray a large proportion of the
remaining capital expenditure and storms have caused considerable
damage to the north pier of the Commissioners which will render
necessary large expenditure out of surplus revenue in repairing and
reinstating and improving such pier and it is accordingly expedient
to further extend the time for the repayment of the debt of the
Commissioners:
And whereas it is desirable in other respects to enlarge the
powers of the Commissioners and to amend the Tyne Improvement
Acts 1850 to 1890 :
And whereas the objects of this Act cannot be attained without
the authority of Parliament:
May it therefore please Tour Majesty that it may be enacted and
be it enacted by the Queen's most Excellent Majesty by and with
the advice and consent of the Lords Spiritual and Temporal and
Commons in this present Parliament assembled and by the authority
of the same as follows (that is to say):—
I.—PRELIMINARY.
Short
titles.
1. This Act may be cited as the Tyne Improvement Act 1897
and the Tyne Improvement Acts 1850 to 1890 together with this
Act may be cited as the Tyne Improvement Acts 1850 to 1897.
Interprets- 2. Expressions and words to which meanings are assigned by
tl0n- any of the Tyne Improvement Acts have in this Act (unless the
context otherwise requires) the same respective meanings.
2
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