2. Subject to paragraph 5, where the production unit or common grazing in respect of which conversion grant is to be granted is improved grassland the amount payable in relation to such land shall be calculated as follows:–
(a)First year | £120 per hectare of improved grassland |
(b)Second year | £120 per hectare of improved grassland |
(c)Third year | £50 per hectare of improved grassland |
(d)Fourth year | £50 per hectare of improved grassland |
(e)Fifth year | £30 per hectare of improved grassland. |