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Article 5 Power to impose and recover charges and powers of the Minister

Original text. Later amendments are not shown.

(1)

If the assets of the Council are insufficient to meet their liabilities and the expenses of the winding up, the Minister shall, for the purpose of making good the deficiency, have power to impose a charge or charges on those persons upon whom a charge may be imposed in the year 1st August 1988 to 31st July 1989 under article 9(1) of the principal Order.

(2)

The provisions of articles 9, 11 and 12 of the principal Order shall apply in relation to any such charge, subject to the omission of paragraphs (1) and (4) of article 9 and the substitution for references in that article to the provisions of those paragraphs, of references to paragraph (1) of this article and the substitution for references in those articles to the Council, of references to the Minister.

(3)

Charges imposed under paragraph (1) of this article shall be computed to yield, as near as possible, a sum equal to the amount by which the liabilities of the Council and the expenses of the winding up exceed the assets of the Council.