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Financial assistance for aerodromes. 15.(1) The Ministry with the approval of the Ministry of Finance may make grants or loans to any aerodrome undertaking to enable that undertaking to defray capital expenditure which has been or may be incurred by the undertaking with the approval of the Ministry. (2) Any loan made by the Ministry under subsection (1) shall be repaid to it at such times and by such methods, and interest thereon shall be paid to the Ministry at such rates and at such times as the Ministry with the approval of the Ministry of Finance may from time to time determine. (3) Sums recoverable under section 3(10) by the Ministry from an aerodrome undertaking shall, for the purposes of this section, be treated as capital expenditure which has been incurred by the undertaking with the approval of the Ministry.
© 1971 Crown Copyright
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