This Act concerns validation of an unauthorized instrument executed by the Governor in respect of any land, any power, right, indemnity or waiver which that instrument purports to confer or grant. Where an unauthorized instrument executed as aforesaid purports to confer on any corporation a power to acquire land after the date of the execution of the instrument, then nothing in the above rule shall be construed as empowering the acquisition by that corporation of any land after 13 November 1943. Nothing in the above rule shall be construed so as to cure any defect in the title to any land or to confirm, validate or secure the title to any land otherwise or to any greater extent than in accordance with that rule.
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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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