|
Limitations on subsidies under this Act.
|
3.—The following limitations shall apply to the payment of subsidies under this Act or under any contract made under this Act, that is to say:—
|
| |
(a) no annual subsidy shall be paid in respect of any year or part of a year subsequent to the year 1945;
|
| |
(b) the total amount payable on foot of annual subsidy or subsidies in respect of any year shall not exceed the sum of three hundred pounds;
|
| |
(c) occasional subsidies shall be payable only by way of contribution to expenses actually incurred in the overhaul or repair of a vessel used for the purpose of the service in relation to which such subsidy is payable;
|
| |
(d) no occasional subsidy shall be paid in respect of any overhaul or repair which is not done and completed before the 1st day of January, 1946.
|