- (1) If it appears to the Local Government Board that tile carrying out by a local authority, or by a county council to whom the powers of a local authority have been transferred under this Act, of any scheme approved under Section one of this Act, or the carrying out of a re-housing scheme in connection with a scheme made under Part I. or Part II. of the principal Act, including the acquisition, clearance, and development of land included in the last-mentioned scheme, and whether the re-housing will be effected on the area included in that scheme or elsewhere, or the carrying out of any scheme approved by the Board for the provision of houses for persons in the employment of or paid by a county council, has resulted or is likely to result in a loss, the Board shall, if the scheme is carried out within such period after the passing of this Act as may be specified by the Board with the consent of the Treasury, pay or undertake to pay to the local authority or county council out of moneys provided by Parliament such part of the loss as may Vie determined to be so payable under regulations made by the Board with the approval of the Treasury, subject to such conditions as may be prescribed by those regulations.
- (2) Such regulations shall provide that the amount of any annual payment to be made under this Section shall —
- (b)in the case of a scheme for the provision of houses for persons in the employment of or paid by a county comics], be an amount equivalent to thirty per centum 'of the annual loan charges as calculated in accordance with the regulations on the total capital expenditure incurred by the county council for the purposes of the scheme:
- Provided that the regulations shall include provisions—
- (i) for the reduction of the amount of the annual payment in the event of a- failure on the part of the local authority or county council to secure due economy in the carrying out of a scheme or otherwise to comply with the conditions prescribed by the regulations;
- (b)in the case of a scheme for the provision of houses for persons in the employment of or paid by a county comics], be an amount equivalent to thirty per centum 'of the annual loan charges as calculated in accordance with the regulations on the total capital expenditure incurred by the county council for the purposes of the scheme:
- (3) Every regulation so made shall be laid before both Houses of Parliament as soon as maybe after it is made, and if an address is presented by either House, within twenty-one days from the date on which that House has sat next after any such regulation may be annulled, His Majesty in Council may annul the regulation, but without prejudice to the validity of any thing previously done there under.
§ Lords Amendments:
§
In Sub-section (1), after the word "council" ["paid by a county council, has resulted''], insert the words
or a statutory committee thereof.
§ —Agreed to.
§
In Sub-section (2, b), after the word "council" ["council, be an amount"], insert the words
or a statutory committee thereof.
§ —Agreed to.
§
In Sub-section (2, i), after the word "out" insert the words
and administration.
§ —Agreed to.
§
In Sub-section (2, i), filler the word "scheme" insert the words
to charge sufficient rents.
§ —Agreed to.
§
In Sub-section (3), leave out the words
from the date.
§ —Agreed to.
§ At end of Sub-section (1), insert a new Sub-section:
§ (5) The provisions of this Section relating to the carrying out of a schema for the provision of houses for persons in the employment of or paid by county councils shall apply to the Lancashire Asylums' Board, the West Riding of Yorkshire Asylums Board, or other body constituted for the purpose of any combination of county councils and county borough councils.
§ —Agreed to.