Article 4

The maximum amount which may be paid under section 3 of the Act by way of grant in respect of the financial year of the British Coal Corporation ending in March 1988 in relation to the kinds of expenditure specified under a Head in the Schedule is —

(a)

in the case of the expenditure specified under Head 4, £27,700,000; and

(b)

in the case of the expenditure specified under any other Head, that sum which represents three-quarters of —

(i)

the total amount of the costs of the Corporation which are related to the kinds of expenditure specified under the Head and which fall to be charged to the relevant consolidated profit and loss account; or

(ii)

if a larger amount has been agreed in respect of those costs for the purposes of section 3(2)(b) of the Act, that larger amount.