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Ports (Financial Assistance) Act 1981

Consolidated Text As Enacted Cited authorities 3 Cited in Amendments 13 Related
Vincent
JurisdictionUK Non-devolved
Citation1981 c. 21
for measures taken by them to reduce the number of persons employed in, or in ports adjacent to, their respective ports, being measures taken with a view to restoring the profitability of their undertakings; andfor the carrying on of their undertakings while such measures are being taken.(2) Assistance under subsection (1) above may be given by way of a grant or loan or in the form of a guarantee; and in giving assistance under that subsection the Secretary of State may impose such conditions as he thinks fit, including conditions requiring a grant to be repaid in specified circumstances.grants made under subsection (1) above and not repaid;outstanding loans made under that subsection; andamounts in respect of which guarantees under that subsection are in force,(4) Any grant, loan or guarantee falling within this subsection shall be taken into account for the purposes of subsection (3) above as if it were a grant, loan or guarantee (as the case may be) made or given under subsection (1) above.those (not within paragraph (b) or (c) below) made or given by any Minister of the Crown before, but not earlier than one year before, the passing of this Act for the purposes specified in subsection (1) above;those made or given before the passing of this Act under section 1(1) of the those made or given before the passing of that Act and taken into account by virtue of section 1(5) of that Act as if made or given

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