Act No. 26 of 1955
HOTELS ENCOURAGEMENT (CORAL HARBOUR DEVELOPMENT) |
An Act to
authorise the entering into of an agreement with Mrs. Leonora Balsey Hopkins, the
Carl Fisher Company, Mr. Lindsay Hopkins, Jr., and Mrs. Sara Hopkins Ludwig relating
to the development of land at Coral Harbour in the Island of New Providence. | 26 of 1955 |
[Commencement 11th
August, 1955] |
1. This Act
may be cited as the Hotels Encouragement (Coral Harbour Development) Act. | Short title. |
2. Notwithstanding
the provisions of the Hotels Encouragement Act, the Governor in Council is
hereby authorised to enter into an Agreement under the said Act with Mrs. Leonora
Balsey Hopkins, the Carl Fisher Company, Mr. Lindsay Hopkins, Jr., and Mrs. Sara
Hopkins Ludwig relating to the development of lands at Coral Harbour in the
Island of New Providence the property of the said Mrs. Leonora Balsey Hopkins, containing
covenants, terms and concessions additional to those provided by the said Act
as specified in a Resolution passed by the House of Assembly on the 21st day of
April, 1955, and passed by the Legislative Council on the 23rd day of May, 1955,
which said Resolution is set out in the Schedule to this Act. | Approval of terms of
proposed Agreement. |
SCHEDULE |
RESOLUTION |
WHEREAS Mrs. Leonora Balsey Hopkins, the Carl Fisher Company,
Mr. Lindsay Hopkins, Jr., and Mrs. Sara Hopkins Ludwig (hereinafter referred to
as the Promoters) are desirous of developing land at Coral Harbour in the
Island of New Providence owned by the said Mrs. Leonora Balsey Hopkins. |
AND
WHEREAS the proposed development will comprise, inter alia, the
construction of an hotel comprising not less than fifty bedrooms contained in
not more than two buildings, a yacht club, a yacht basin, docks to accommodate
not less than fifty yachts, canals, roads, utility services, swimming pools, a
golf course and tennis courts, the dredging of a channel and the reclaiming of
swamps (hereinafter collectively referred to as "the development"). |
AND
WHEREAS under the provisions of The Hotels Encouragement Act 1954 the Promoters
may apply to the Governor in Council for certain concessions in respect of the
said hotel alone. |
AND
WHEREAS the Promoters seek certain concessions in respect of the development
which are not covered by the provisions of The Hotels Encouragement Act 1954. |
RESOLVED,
that notwithstanding the provisions of the said Hotels Encouragement Act 1954, and
without prejudice to the provisions thereof, this House approves of the
Governor in Council entering into an agreement with the Promoters containing
covenants, terms and concessions additional to those provided by The Hotels
Encouragement Act, 1954 as follows: |
(1) that
the Promoters be granted the concessions as regards the refund of customs
duties and emergency tax which are provided by The Hotels Encouragement Act 1954
in respect of the construction of a new hotel upon an Out Island; |
(2) that the said concessions and the concessions set out in paragraphs (4), (5) and (6)
hereafter be granted during a period extending from 1st day of January, 1955 to
the 31st day of December, 1964, on the Promoters covenanting that they will
expend not less than £300,000 upon the development by the 1st day of July, 1956; |
(3) that in the event of the Promoters not having spent £300,000 upon the development by
the 1st day of July, 1956 (unless prevented from doing so by Act of God, war, civil
commotion, riot, force majeure , or other matters beyond their control) the
grant of all the concessions forementioned will cease upon the 31st day of
December, 1959, provided that if by the 31st day of December, 1959, the sum of £300,000
has been spent on the development the Governor in Council in his discretion may
extend the grant of these concessions to a date not later than the 31st day of
December, 1964; |
(4) that machinery and/or equipment for the purposes of dredging and filling be admitted
into the Colony under customs bond as if such machinery and/or equipment was
construction plant within the meaning of The Hotels Encouragement Act 1954; |
(5) that construction plant may be disposed of in the Colony, when no longer required by
the Promoters, on payment of customs duties and emergency tax on the appraised
value thereof at the time of disposal; |
(6) that diesel fuel for use in driving construction plant and spare parts for use in
construction plant be admitted to the Colony free from customs duties and
emergency tax; |
(7) that in the event of the Telecommunications Board being unable to provide adequate
telephone facilities between the site of the development and Nassau the said
Board will provide, in lieu thereof, two wireless telephone circuits at a total
cost not exceeding one thousand pounds; |
(8) that upon the Promoters completing to the satisfaction of the Public Board of Works
for New Providence, the construction of that part of a private road from
Windsor Air Field to the entrance to the site of the development at Adelaide
Road and upon the Promoters dedicating that part of the said road to the public,
the said Public Board of Works will cause that part of the said road to be
oiled and maintained in a condition comparable to the condition of similar
roads elsewhere in New Providence. |