(1)Apart from any increase authorised under section 2(2) of the [1958 c. 64.] Local Government and Miscellaneous Financial Provisions (Scotland) Act 1958, the Secretary of State shall increase by the sum of £700,000 the aggregate amount of the general grants payable to local authorities under that Act in respect of the year 1966-67.
(2)General grants under the said Act of 1958 and Exchequer Equalisation Grants under the [1954 c. 13.] Local Government (Financial Provisions) (Scotland) Act 1954 shall not be payable for the year 1967-68 and subsequent years.