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Realisation of credit notes.
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14.—(1) Every person to whom a credit note (not being a credit note in two separate parts) is issued under this Act declaring him to be entitled to credit as against rates payable by him to the council of a county or of an urban district for the service of the current financial year and who has, before the end of the current financial year or such later date as such council, with the consent of the Minister, shall fix, paid all such rates, shall be entitled, on delivering such credit note to such council, to be repaid by such council so much of the said rates so paid by him as is equal to the amount of such credit note.
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(a) on paying, before the end of the current financial year or such later date as such council, with the consent of the Minister, shall fix, the first moiety of such rates and delivering the first part of such credit note to such council, be entitled to be repaid by such council so much of the said moiety of the said rates so paid by him as is equal to one moiety of the total sum for which such credit note was issued, and
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(b) on paying, before the end of the current financial year or such later date as such council, with the consent of the Minister, shall fix, the second moiety of such rates and delivering the second part of such credit note to such council, be entitled to be repaid by such council so much of the said moiety of the said rates so paid by him as is equal to one moiety of the total sum for which such credit note was issued.
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