—(1) Subject to this section, a seaman may, by means of an allotment note issued in accordance with regulations, allot to any person part of the wages to which he will become entitled in the course of his employment on a ship.
(2) A seaman’s right to make an allotment under this section shall be subject to such limitations as may, by virtue of subsection (3), be imposed by regulations.
(3) Regulations made for the purposes of this section may prescribe the form of allotment notes and may —
limit the circumstances in which allotment notes may be made;
limit (whether by reference to an amount or by reference to a proportion) the part of the wages that may be allotted and the number of persons to whom it may be allotted and may prescribe the method by which that part is to be calculated;
limit the persons to whom the allotments may be made by a seaman to persons of such descriptions or persons standing to him in such relationships as may be prescribed by the regulations; and
prescribe the times and the intervals at which payments under allotment notes are to be made.