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Application of the remainder of the agricultural grant.
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8.—(1) In this section, the expression “the remaining valuation” in relation to a tenement of agricultural land (being a hereditament or tenement which consists wholly or partly of agricultural land (in this sub-section referred to as the first-mentioned agricultural land) situate in the rating area of the council of a county) means the amount (if any) by which the valuation of the first-mentioned agricultural land exceeds—
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(a) if no employment allowance is made under this Act in respect of the first-mentioned agricultural land—the specified valuation of the agricultural land contained in such tenement, or
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(b) if any employment allowance is made under this Act in respect of the first-mentioned agricultural land—the aggregate of the specified valuation of the agricultural land contained in such tenement and the valuation upon which such employment allowance was calculated.
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(2) If the portion of the agricultural grant payable under this Act to the council of a county exceeds the amount necessary for making all the primary allowances and employment allowances required by this Act to be made by such council and the payments (if any) required by this Act or by section 50 of the Act of 1898 as applied by this Act to be made by such council to councils of urban districts, such council shall make, in accordance with this Act, to every person rated for the service of the current financial year in respect of a tenement of agricultural land which is situate in the rating area of such council and has a remaining valuation, an allowance (in this Act referred to as the supplementary allowance) calculated on such remaining valuation and at whichever of the following rates is the lesser, that is to say:—
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(a) the primary allowance rate, and
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(b) the rate in the pound on the total amount of the remaining valuations of all such tenements as aforesaid having a remaining valuation to which the sum applicable under this section to the making of supplementary allowances by such council is equivalent.
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(3) If the portion of the agricultural grant payable under this Act to the council of a county exceeds the amount necessary for making all the primary allowances, employment allowances, and supplementary allowances required by this Act to be made by such council and the payments (if any) required by this Act or by section 50 of the Act of 1898 as applied by this Act to be made by such council to councils of urban districts, the said portion of the agricultural grant so payable to such council shall be reduced to the amount so necessary for the making of all the said allowances.
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(4) Whenever the Minister is satisfied that the council of a county has, through bona fide error or mistake, incorrectly fixed the amount of the supplementary allowance to be made by such council under this section, the Minister may authorise such supplementary allowance to be made at the rate so erroneously fixed, and thereupon, notwithstanding anything to the contrary contained in this Act, such supplementary allowance shall be made at the rate so erroneously fixed.
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