OpenLegislation

Paragraph 16

Original text. Later amendments are not shown.

For paragraph 10 there shall be substituted the following—

“10

Subject to the provisions of paragraph 11 where, in respect of any Table B amount, the final payment under paragraph 2 or 3, as the case may be, has been made then—

(a)

if the sum of the amounts paid under paragraph 2 or 3, as the case may be, in relation to that Table B amount and the amounts paid under paragraph 8 in respect of interest on the outstanding balance of that Table B amount (“the first sum”) falls short of the sum of that Table B amount and the total of the amounts which should have been paid under paragraph 8 in respect of interest on the outstanding balance of that Table B amount (“the second sum”), the Secretary of State shall pay to the persons administering the Paragraph 1 Section and the Paragraph 4 Section the amount by which the first sum falls short of the second sum; and

(b)

if the first sum exceeds the second sum, the persons administering the Paragraph 1 Section and the Paragraph 4 Section shall pay to the Secretary of State the amount by which the first sum exceeds the second sum.”.