This Act empowers the Minister to enter into an agreement with any person for the reclamation of land (at least one acre) from the bed of the sea in any area lying within the outer limits of the reefs of Bermuda. Section 3 defines the compulsory content of a reclamation agreement, whereas section 4 specifies what reclamation agreement may contain. The agreement must be approved by the Governor. An agreement shall operate as a licence to confer on the person undertaking the reclamation scheme all rights therein described subject to such conditions and limitations as may be specified therein.
Authors and Publishers
Government of Bermuda
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.