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Amendment of section 46 of the Principal Act.
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4.—(1) The following subsection shall be inserted in section 46 of the Principal Act in lieu of subsection (1)—
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“(1) When the Minister has considered an annual scheme in respect of a local financial year (being the local financial year commencing on the 1st day of April, 1952, or any subsequent local financial year) submitted by a vocational education committee—
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(a) he shall issue to such committee a certificate in the prescribed form authorising such committee to demand from the rating authority for the vocational education area of such committee an annual local contribution in respect of such local financial year of such amount as the Minister thinks proper to specify in such certificate having regard to the estimates of expenses and receipts contained in such scheme and to the subsequent provisions of this subsection,
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(b) the amount to be specified in the certificate shall not be less than the minimum annual liability of such rating authority in respect of such local financial year, nor exceed the maximum annual liability of such a rating authority in respect of such local financial year,
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(c) in case the amount of the annual local contribution mentioned in the scheme does not exceed the amount of the annual local contribution demanded by such committee in respect of the immediately preceding local financial year (in this subsection referred to as the previous year) by more than the amount of a rate of one penny in the pound on the rateable value of the area of charge at the commencement of the previous year, or, if it does, does not exceed the amount of a rate of, where the rating authority is the council of a county borough or of a scheduled urban district, nine pence in the pound or, where the rating authority is the council of a county, seven pence in the pound on the rateable value of the area of charge at the commencement of the previous year, the amount to be specified in the certificate shall not exceed whichever of the two following amounts is the greater—
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(i) the amount of the annual local contribution mentioned in such scheme,
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(ii) the amount of the annual local contribution in respect of the previous year,
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(d) in any case to which paragraph (c) of this subsection is not applicable, the amount to be specified in the certificate shall not exceed the annual local contribution demanded by such committee in respect of the previous year by more than the amount of a rate of one penny in the pound on the rateable value of the area of charge at the commencement of the previous year unless not later than the 31st day of December next following the submission of the scheme the rating authority has passed a resolution approving of such excess and has sent a copy of the resolution to the Minister and, notwithstanding such resolution (if passed), shall not exceed the annual local contribution demanded by such committee in respect of the previous year by more than the amount of a rate of two pence in the pound on the rateable value of the area of charge at the commencement of the previous year.”
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(2) Subsection (1) of this section shall come into operation on the 1st day of April, 1951.
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