Sale of Reclaimed Lands Act. | Land Portal

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This Act empowers, subject to certain restrictions, the Minister to sell any lot of land being property of the Government of Bermuda and forming part of any lands reclaimed from the foreshores of Bermuda or from the bed of the sea adjacent thereto. The sale shall be at a fair market price approved by the Cabinet and preferentially to a neighbouring landowner likely to be affected. A conveyance of land on the sale thereof under this Act may be in the form set out in the Schedule, or similar circumstances permit, or in such form as the Attorney-General advises.

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Bermuda was first settled in 1609 by shipwrecked English colonists heading for Virginia. Self-governing since 1620, Bermuda is the oldest and most populous of the British overseas territories. Vacationing to the island to escape North American winters first developed in Victorian times. Tourism continues to be important to the island's economy, although international business has overtaken it in recent years. Bermuda has also developed into a highly successful offshore financial center. A referendum on independence from the UK was soundly defeated in 1995.

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