Section 8 Amendment of the principal Scheme

For paragraph 8 thereof (rates of grant) there shall be subsitututed the following paragraph—

“8

(1)

Subject to paragraph 9(1) of this Scheme, the rate of grant payable under paragraph 3(1)(a) of this Scheme shall be 10 per cent of such expenditure incurred, or to be incurred, for the purposes of a project covered by Title II or III of the Council Regulation as is approved by the Commission in deciding the amount of Community aid under that Regulation which the project shall receive.

(2)

Subject to paragraph 9(3) of this Scheme, the rates of grant payable under paragraph 3(1)(b) of this Scheme shall be—

(a)

subject to sub-paragraph (3) below, in respect of a vessel not exceeding 33 metres in length, 30 per cent of the expenditure approved by the Ministers;

(b)

in respect of a vessel over 33 metres in length, 10 per cent of the expenditure approved by the Ministers.

(3)

The rate of grant payable under paragraph 3(1)(b) of this Scheme in respect of a vessel between 24 metres and 33 metres in length inclusive shall be 20 per cent of the expenditure approved by the Ministers where the applicant has received Community aid in respect of that vessel under Title II or III of the Council Regulation at the rate specified in Annex II to that Regulation in respect of Northern Ireland or the West of Scotland.”.