Regulation 5 Reporting of disposals of land and adjustment of contributions
Where any smallholdings land is sold, exchanged, appropriated for other purposes or let otherwise than under section 44 of the Act by a smallholdings authority or where any cottage holdings land is sold, exchanged or appropriated for other purposes by a cottage holdings authority, the smallholdings authority or the cottage holdings authority, as the case may be, shall forthwith after the completion of the sale, exchange, appropriation or letting, furnish particulars thereof to the appropriate Minister in a statement in the form set forth in Schedule 2, adapted as required in accordance with the notes to the Schedule, or in a form substantially to the like effect, which statement shall be signed by the Treasurer, Accountant or other authorised officer of the authority; and the appropriate Minister may adjust, in such manner as he thinks fit having regard to any such particulars, the amount or aggregate amount of any contributions payable to that authority in relation to smallholdings land where the land sold, exchanged, appropriated or let was smallholdings land or in relation to cottage holdings land where the land sold, exchanged or appropriated was cottage holdings land, in a case where the land sold, exchanged, appropriated or let is land which has been or formed part of—
land in respect of which payments have been made under section 27 of the Land Settlement (Facilities) Act 1919; or
land in the case of which contributions have been made or undertaken to be made under section 2 of the Act of 1926 or section 58 of the Act of 1947 in connection with proposals and estimates relating to that land.
In this regulation—
the reference to adjustment of the amount or aggregate amount of any contributions shall be construed as including a reference to terminating all or any contributions; and
in relation to cottage holdings land sold, exchanged or appropriated, the reference to section 2 of the Act of 1926 shall be construed as if it included a reference to that section as applied to cottage holdings by section 12 of that Act or by section 12 of the Act of 1931.