Section 3 Financial provisions.

United Kingdom

(1)

The Secretary of State shall pay to British Shipbuilders such sums in respect of—

(a)

payments made or to be made under a scheme for Great Britain, and

(b)

expenses incurred or to be incurred by British Shipbuilders in connection with the administration of a scheme for Great Britain,

as shall, with the approval of the Treasury, be agreed by the Secretary of State and British Shipbuilders.

(2)

The Department of Manpower Services for Northern Ireland shall pay to any Northern Ireland company such sums in respect of—

(a)

payments made or to be made by the Northern Ireland company under a scheme for Northern Ireland; and

(b)

expenses incurred or to be incurred by the Northern Ireland company in connection with the administration of a scheme for Northern Ireland,

as shall, with the approval of the Department of Finance for Northern Ireland, be agreed by the Department of Manpower Services for Northern Ireland and the Northern Ireland company.

(3)

There shall be paid out of money provided by Parliament—

(a)

any sums payable by the Secretary of State under this Act; and

(b)

any administrative expenses of the Secretary of State or a government department incurred for the purposes of this Act.

Notes on the whole Act

Textual amendments

F1: Act repealed (1.4.1996) by 1993 c. 50, s. 1(1), Sch. 1 Pt. IX Group 1; S.I. 1996/509, art. 2(a)