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(1)Development charges determined in respect of the winning and working of minerals shall cease to have effect in so far as they require the payment of any periodical payments in respect of minerals got after the commencement of this Act.
(2)Where a development charge has been determined in respect of the winning and working of minerals over a period ending after the commencement of this Act, the Central Land Board shall, if application is made to them in that behalf in accordance with the regulations for the time being in force under section seventy of the principal Act, vary the determination, and amend, discharge, modify or release any agreements or securities made or given in respect thereof, in such manner as appears to them appropriate for limiting the development charge to the winning and working of the minerals within so much of that period as preceded the commencement of this Act, and shall repay any sums paid thereunder, so far as may be requisite for giving effect to the variation.
(3)In relation to an interest in land consisting of or comprising minerals, and in relation to claims established wholly or partly in respect of such land, the provisions of this Act shall have effect subject to such adaptations and modifications as may be prescribed by regulations made under this Act with the consent of the Treasury.
(4)Regulations made for the purposes of this section shall be of no effect unless they are approved by resolution of each House of Parliament.
(5)The Mineral Development Charge Set-off (Scotland) Regulations, 1951, shall cease to have effect; but in respect of the winning and working of minerals to which those Regulations applied no development charge shall be payable or be deemed ever to have been payable.
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