C1C417 Power to make advances for certain purposes.

C2C31

The Minister may, subject to the approval of the Treasury, make advances out of the moneys provided by Parliament to any authority, company or person, either by way of grant or by way of loan, or partly in one way and partly in another, and upon such terms and conditions as he thinks fit for any of the following purposes:—

F4a

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

c

The construction, improvement or maintenance of harbours, docks or piers:

d

The construction, improvement or maintenance of canals or inland navigations:

e

The promotion and improvement of transport services by land F5in Wales or water:

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

Provided that the Minister shall not make an advance exceeding one million pounds at any one time for the purpose of any work, unless specially authorised to do so by a Resolution of the House of Commons.

2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3