From the The Public General Statutes (1986),
CHAPTER 12.
An Act for the better reporting of Floating Derelicts.
BE it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows :
Short title1. This Act may be cited as the Derelict Vessels (Report) Act, Notice of derelict vessels to be given by masters to Lloyd's agents.2. Every master or other person for the time being in command of any British ship after the passing of this Act, who shall become aware of the existence on the high seas of any floating derelict vessel, shall notify the same to the Lloyd's agent at his next place of call or arrival, and shall, together with such notification, furnish to the Lloyd s agent all such information as he may possess as to the supposed locality or identity of such derelict vessel, and the date when and place where the same may have been observed by or reported to him, and the Lloyd's agent shall forthwith on receipt of such notification and information transmit the same to the secretary of Lloyd's in London. And if any such master fails to make such a report he shall be liable, on summary conviction, to a penalty not exceeding five pounds.
Letters to be sent to Lloyd's in default of agents.3. If there shall be no Lloyd's agent at the next place of call or arrival, then and in such case the notification shall be made and the information furnished by such master or other person as aforesaid, to the secretary of Lloyd's, London.
Information to be published by Lloyd's.4. Any information received by the society of Lloyd's as aforesaid in pursuance of this Act, shall be published by the society forthwith in the same manner and to the same extent as its reports of shipping casualties, and the society shall also forthwith communicate such information to the Board of Trade.