48Recovery of part of certain commuted sums.N.I.
(1)Where—
(a)in accordance with a housing subsidy order made under section one of the Housing (No. 2) Act (Northern Ireland), 1946 [1946 c.20] , an annual sum was payable in respect of a house …F1 to a housing association within the meaning of sub-section (2) of section twelve of the Housing and Local Government (Miscellaneous Provisions) Act (Northern Ireland), 1946 [1946 c.4] ; and
(b)that annual sum has been commuted; and
(c)the house in respect of which the annual sum was payable before commutation has been destroyed or otherwise ceases to be used as housing accommodation;
…F1, the housing association, shall pay to the MinistryF2 an annual sum equal to that which would, in accordance with a housing subsidy order made as aforesaid, have been payable in respect of the house if—
that annual sum had not been commuted; and
the house had not ceased to be used as housing accommodation.
(2)Where any annual sum is payable to the MinistryF2 in accordance with sub-section (1), …F1, the housing association, may by agreement with the MinistryF2 pay to the MinistryF2 an amount in commutation of that annual sum, or a part thereof, and thereupon such annual sum or part thereof shall be deemed to be commuted accordingly.