SCHEDULES
SCHEDULE 22 Supplementary provisions as to elections by reference to pipe-line usage
Part I Procedure for and in connection with an election
Penalties for incorrect information
6
Where a participator fraudulently or negligently furnishes any incorrect information or makes any incorrect declaration in or in connection with an election he shall be liable to a penalty not exceeding—
a
in the case of negligence, £50,000, and
b
in the case of fraud, £100,000.