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Miscellaneous provisions regarding grants under this Act.
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5.—(1) A grant under this Act may be made towards—
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(a) approved capital expenditure incurred on or after the 1st day of April, 1967, and
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(b) approved capital expenditure incurred before that date in so far as it consists of any sum paid after that date.
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(2) A grant under this Act may be made towards approved capital expenditure in respect of a ship in the course of construction if it appears to the Minister that the provisions of this Act will be satisfied in relation to the ship when it is completed.
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