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(1)The amount of any grant payable under section 6 of this Act towards the cost of any works approved thereunder shall be one-third of that cost so far as approved by the appropriate Minister as having been reasonably incurred.
(2)The Ministers may by regulations provide that the cost of any works of any class specified in the regulations, or of a specified part of any such works, shall, at the option of the applicant for the grant, be taken to be such amount as may be so specified; and the amount of any grant payable towards the cost of any such works shall, if the applicant for the grant so elects in his application and the works are approved while the regulations are in force, be one-third of the amount so specified or, where the regulations make provision for the cost of part only of any works, one-third of the sum of the amount so specified for that part and of the actual cost (so far as approved by the appropriate Minister as having been reasonably incurred) of the remainder of the works.
(3)The appropriate Minister may reduce the amount of the grant which would otherwise be payable under the foregoing provisions of this section, or withhold the grant, in any case where assistance in respect of the approved works is given under any other enactment.
(4)A grant under section 6 of this Act shall be payable on the completion of the approved works and may be paid by instalments.
(5)Regulations under this section shall be made by statutory instrument, which shall be subject to annulment in pursuance of a resolution of either House of Parliament..
(6)In this section and section 6 of this Act, " the appropriate Minister " means, in the application of the section to Scotland, the Secretary of State, and in its application to the remainder of the United Kingdom, the Minister of Agriculture, Fisheries and Food.
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