Post Office Act 1969

36 (1) Notwithstanding paragraph 82 of Schedule 4 to this Act, the Board of Trade may, out of moneys provided by Parliament, make to the Post Office in respect of an asset provided by the Postmaster General for the purposes of his business a grant of the like amount as they might have made to him under section 1 or 2 of the [1966 c. 34.] Industrial Development Act 1966 if this Act had not passed.

(2) For the purposes of the foregoing sub-paragraph, an asset shall not be deemed not to have been provided as therein mentioned by reason of the fact that it is delivered to the Post Office on or after the appointed day and is so delivered in fulfilment of a contract entered into before that day by the Postmaster General.

(3) Section 8 of the Industrial Development Act 1966 (conditions) shall have effect as if references therein to Part I of that Act included references to sub-paragraph (1) above.