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Section 7 Rates of grant

Original text. Later amendments are not shown.

The rates of grant payable under this Scheme shall be—

(a)

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

(b)

in respect of a vessel not exceeding 33 metres in length, 30 per cent of the expenditure approved by the Ministers.