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Resolved,
That, for the purposes of any Act resulting from the Ports Bill, it is expedient to authorise a levy in respect of gains accruing to any company to which the undertaking of a harbour authority is transferred under the Act on disposals of— —(a) land which belongs both immediately before and immediately after the transfer to a transferred 51 per cent. subsidiary; (b) interests in land which belong both immediately before and immediately after the transfer to a transferred 51 per cent. subsidiary; (c) interests in land within paragraph (a) above or in land in which an interest within paragraph (b) above subsists at the time of the transfer.—[Mr. McLoughlin.]