(1)Section twenty-eight of the [13 & 14 Geo. 5. c. 14.] Finance Act, 1923 (which relates to the allowance for repairs and which was continued in force by section sixteen of the [1 Edw. 8. & 1 Geo. 6. c. 54.] Finance Act, 1937, until the fifth day of April, nineteen hundred and forty-two) shall continue in force until the fifth day of April, nineteen hundred and forty-seven.
(2)This section shall be deemed to have had effect as from the sixth day of April, nineteen hundred and forty-two.