Finance Act, 1921
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Part VI. General. | ||
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Civil Contingencies Fund 9 & 10 Geo. 5. c. 6. |
52.—(1) Whereas advances have been made out of the Civil Contingencies Fund to the body of persons and to the Government departments specified in the first column of the Fourth Schedule to this Act for the purpose of the several operations specified in the second column of that Schedule, and the amounts specified in the third column of the said Schedule are now outstanding in respect of those advances respectively, and it is expedient that the said amounts so outstanding should cease to be repayable to, and should not be reckoned as assets of, the said Fund: | |
And whereas it is expedient that the capital of the Civil Contingencies Fund should be increased permanently from the three hundred thousand pounds to one million five hundred thousand pounds: | ||
Now, therefore— | ||
(1) The said amounts so outstanding as aforesaid shall be written off from the assets of the said Fund, and the amount to be repaid to the Exchequer under section one of the Civil Contingencies Fund Act, 1919, as amended by section sixty of the Finance Act, 1920 , shall be reduced by an amount equal to the sum of the said amounts to be written off as aforesaid; and | ||
(2) The amount to be so repaid to the Exchequer as aforesaid shall be further reduced by the sum of one million two hundred thousand pounds. |