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MERCHANT SHIPPING (MERCANTILE MARINE FUND) ACT 1898 - SECT 1

1.(1) ...

(a)All sums accounted for and paid to the Mercantile Marine Fund, except the
light dues or other sums mentioned in paragraph (i) of section six hundred and
seventy-six of the Merchant Shipping Act, 1894, shall be paid into the
Exchequer:

(b)All expenses charged on and payable out of the Mercantile Marine Fund,
except the expenses relating to lighthouses, buoys, and beacons mentioned in
paragraph (i) of section six hundred and seventy-seven of the same Act, and
except also any expenses incurred by a general lighthouse authority under
section five hundred and thirty-one of the same Act, shall, so far as they are
not paid by any private person, be paid out of moneys provided by Parliament:

(c)The said excepted sums shall be accounted for and paid to, and the said
excepted expenses shall be charged on and payable out of, a fund which shall
be called the General Lighthouse Fund, and references in Part XI and in
sections five hundred and thirty-one and six hundred and seventy-nine of the
Merchant Shipping Act, 1894, to the Mercantile Marine Fund shall be construed
as references to the General Lighthouse Fund.

(2) The General Lighthouse Fund shall be applied to the payment of the
expenses by this Act charged thereon, and to no other purpose whatever.

(3) ... The liabilities of the Mercantile Marine Fund shall be discharged out
of the General Lighthouse Fund.[

© 1898 Crown Copyright

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