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55.—(1) Where the Executive has approved an application for a grant, it shall pay the grant, subject to paragraph (3) and to Articles 70 and 71.
(2) The grant may be paid—
(a)in whole after the completion of the eligible works, or
(b)in part by instalments as the works progress and the balance after completion of the works.
(3) The payment of a grant, or part of a grant, is conditional upon—
(a)the eligible works or the corresponding part of the works being executed to the satisfaction of the Executive; and
(b)the Executive being provided with an acceptable invoice, demand or receipt for payment for the works and any preliminary or ancillary services and charges in respect of which the grant or part of the grant is to be paid.
(4) For the purposes of paragraph (3) an invoice, demand or receipt is acceptable if it satisfies the Executive and is not given by the applicant or a member of his family.
(5) Where a grant is paid by instalments, the aggregate of the instalments paid before the completion of the eligible works shall not at any time exceed nine-tenths of the amount of the grant.
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