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(1)The Minister may from time to time by order direct that in respect of, or of the site of, dwellings of any description specified in the order, or such dwellings in any area so specified, exchequer subsidies under this Act—
(a)shall cease to be payable, or
(b)shall be reduced to such amount as may be specified in the order, or
(c)shall be payable for such reduced number of years as may be so specified.
(2)Subject to subsection (4) of this section, an order under this section,—
(a)so far as it relates to any dwelling, or the site of any dwelling, provided otherwise than in pursuance of authorised arrangements made with a local authority or special arrangements made with the Minister, shall be expressed to apply to a dwelling, or the site of a dwelling, the tender or estimate for the erection of which is accepted by a formal resolution passed on or after a date specified in the order, and
(b)so far as it relates to any dwelling, or the site of any dwelling, provided in pursuance of any such arrangements, shall be expressed to apply to a dwelling, or the site of a dwelling, provided in pursuance of arrangements made on or after that date.
(3)An order under this section shall be made by statutory instrument and—
(a)shall not be made unless a draft thereof has been approved by a resolution of the Commons House of Parliament; and
(b)shall not specify a date under the last foregoing subsection earlier than the laying of the draft;
and before laying such a draft the Minister shall consult with such associations of local authorities as appear to him to be concerned and with any local authority with whom consultation appears to him to be desirable.
(4)Subsection (2) of this section and paragraph (b) of the last foregoing subsection shall not apply to an order made more than ten years after the passing of this Act and accordingly such an order may affect exchequer subsidies payable under this Part of this Act in respect of dwellings, or the site of dwellings, completed before as well as after the making of the order.
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