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- Original (As enacted)
This is the original version (as it was originally enacted).
(1)This section applies where a report under section 7 states that the Royal Trustees consider that the percentage for the time being specified in Step 1 of section 6(1) is not appropriate.
(2)The Treasury must by order made by statutory instrument substitute, for that percentage, the percentage specified by the Royal Trustees in the report as the one that should apply.
(3)A statutory instrument containing an order that increases the percentage specified in Step 1 of section 6(1) may be made only if a draft of the instrument has been laid before and approved by a resolution of the House of Commons.
(4)Any other statutory instrument under this section is subject to annulment in pursuance of a resolution of the House of Commons.
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