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Grants to farmers by housing authority.
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9.—(1) A housing authority may make, to or in respect of a farmer in respect of a house for which a relevant grant is made, a grant of an amount equal to—
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(i) if the rateable valuation does not exceed £12 10s. 0d., 100 per cent. of the relevant grant,
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(ii) if the rateable valuation does not exceeds £12 10s. 0d. but does not exceed £20, 66⅔ per cent. of the relevant grant,
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(iii) if the rateable valuation exceeds £20 but does not exceed £27 10s. 0d., 50 per cent. of the relevant grant, or
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(iv) if the rateable valuation exceeds £27 10s. 0d. but does not exceed £35, 331/3 per cent. of the relevant grant.
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(2) In this section “the rateable valuation” means the rateable valuation, or the aggregate of the rateable valuations, of any land or buildings occupied by a farmer, in force immediately before the commencement of the erection, reconstruction, purchase, improvement or extension in respect of which the relevant grant is made.
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