The Tamil Nadu Minor Ports Fund Act, 1938 Complete Act - Bare Act

[Received the assent of the Governor on the 4th January 1939 Published in the Fort St. George Gazette dt. 10-1-1938.]

An Act to provide for the disposal of the balance to the credit of the Minor Port Fund in the State of Tamil Nadu.

Whereas under sub-section (6) of section 36 of the Indian Ports Act, 1908, the disposal of the balances from time to time standing to the credit of port fund accounts is subject to the provisions of any local law;

And Whereas the State Government have directed that all minor ports in the State of Tamil Nadu should be regarded as constituting a single port with a common port fund called the Minor Ports Fund:

And Whereas subsequently the Tuticorin Port Fund has been constituted as a separate fund under the Tuticorin Port Trust Act, 1924;

And Whereas it is expedient to provide by an Act of the Tamil Nadu Legislature for the disposal of the balance which is now standing and which may from time to time stand to the credit of the said Minor Ports Fund other than that of Tuticorin;

It is hereby enacted as follows:-

(1) This Act may be called the Tamil Nadu Minor Ports Fund Act, 1938.

(2) It extends to the whole of the State of Tamil Nadu

In this Act 'Minor Ports Fund' means the common port fund of all the minor ports situated in the State of Tamil Nadu other than Tuticorin.

The balance standing on the 31st day of March, 1939 to the credit of the Minor Ports Fund in excess of twenty lakhs of rupees shall be credited to and shall be disposed of along with the rest of the revenues of the State.

Such portion of the balance standing to the credit of the Minor Ports Fund on the 31st day of March in the year 1940 or in any subsequent year, as the State Government may with the approval, by resolution, of the Tamil Nadu Legislative Assembly, determine, shall be credited to and shall be disposed of along with the rest of the revenues of the State.