Section 12 Financial limits

(1)

When by reason of the total of applications for grant under this Scheme already approved or received, the appropriate Minister is at any time of the opinion that the financial resources which should be made available for payment of grant under this Scheme during any period will be insufficient to satisfy the payments of grants in relation to England, Wales or Scotland as the case may be during the same period resulting from the approval of further applications from initial entrants, he may decide—

(a)

that he will not accept any such further applications for consideration under this Scheme until a time subsequently specified by that Minister;

(b)

that he will cease to approve existing applications from such entrants or postpone approval of them.

(2)

A decision by the appropriate Minister under sub-paragraph (1) above may relate to applications—

(a)

for grant under this Scheme in respect of any category of converted woodlands referred to in column 1 of Schedule 1; or

(b)

for any grant under this Scheme,

and in the case of a decision under sub-paragraph (1)(a) not to accept further applications and to specify a time when further applications may be accepted shall be published by notice in the London or Edinburgh Gazette, as appropriate.