Power to vest reclamations in Authority

(1) Any wharf, dock, and other public work constructed by the Government along, across, or extending out from the foreshore, within the limits of any port, and the land on which it is constructed, any land reclaimed from the sea, and any part of the foreshore, situate within the limits aforesaid, may be vested in the Authority upon such terms and conditions as the Minister responsible therefor may determine. (2) Nothing in this section shall be taken to derogate from or interfere with the use of private rights and the payment of adequate compensation under any enactment providing for compensation.