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INDUSTRIAL INVESTMENT (AMENDMENT) ACT (NORTHERN IRELAND) 1970

INDUSTRIAL INVESTMENT (AMENDMENT) ACT (NORTHERN IRELAND) 1970 - LONG
TITLE

An Act to restrict the power of the Ministry of Commerce to make
grants under section 6(1) of the Industrial Investment (General
Assistance) Act (Northern Ireland) 1966 and to extend that Ministry's
power to make loans under section 9 of that Act.
[9th July 1970]
Restriction of Ministry of Commerce's power to make certain grants
towards expenditure in respect of ships.

INDUSTRIAL INVESTMENT (AMENDMENT) ACT (NORTHERN IRELAND) 1970 - SECT
1

1.(1) If, in the case of an application to which this section
applies for a grant under section 6(1) of the Industrial Investment
(General Assistance) Act (Northern Ireland) 1966 (grants towards
approved capital expenditure incurred in providing a new ship or in
converting a ship), the Ministry of Finance is of opinion that for
the Ministry of Commerce (in this Act referred to as "the
Ministry") to grant the application would operate to the detriment
of the United Kingdom in the matter of its balance of payments,
the Ministry of Finance may direct the Ministry to refrain from
granting the application.

(2) This section applies to an application received by the Ministry
after 21st April 1970 other than

(a)an application for a grant in respect of the provision or
conversion of a ship, where it is shown to the satisfaction of the
Ministry that, when all of the work involved in the provision or
conversion is completed, none of it (or none of the bulk of it)
will be found to have been done at a place which, when it was
done, was outside the area which was the Convention area for the
purposes of the European Free Trade Association Act 1960 and the
Republic of Ireland; or

Para.(b) spent

S.2 rep. by 1976 NI 10 art.17(3)

INDUSTRIAL INVESTMENT (AMENDMENT) ACT (NORTHERN IRELAND) 1970 - SECT
3
Short title.

3. This Act may be cited as the Industrial Investment (Amendment)
Act (Northern Ireland) 1970 and this Act and the Industrial
Investment (General Assistance) Act (Northern Ireland) 1966 may be
cited together as the Industrial Investment (General Assistance) Acts
(Northern Ireland) 1966 and 1970.