(1)The Secretary of State shall have the like powers to provide assistance by way of loan, grant and the supply of building or other materials for the erection, improvement or rebuilding of buildings other than dwelling-houses for owners of holdings to which this section applies as he has to provide assistance for the erection, improvement or rebuilding of such buildings for crofters ; and subsections (2), (4) and (5) of section twenty-two of this Act shall apply accordingly.
(2)This section applies to any holding which—
(a)is situate in the crofting counties ; and
(b)is either a holding of which the area does not exceed fifty acres or a holding of which the annual value does not exceed fifty pounds ; and
(c)is owned by a person who in the opinion of the Secretary of State is of substantially the same economic status as a crofter ; and
(d)is occupied by the owner thereof.
(3)The provisions of the Third Schedule to this Act shall apply in relation to any loan made to the owner of a holding under this section.