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INDUSTRIAL INVESTMENT (GENERAL ASSISTANCE) ACT (NORTHERN IRELAND) 1966 - SECT 6

Ships.

6.(1) Subject to the provisions of this section, the Ministry may make to any
person carrying on a business in Northern Ireland a grant towards
approved capital expenditure incurred by that person in providing a new ship
for use, whether or not in Northern Ireland, for the purposes of that business
or in converting a ship for such use.

(2) Subject to the provisions of this section, the Ministry may make to any
person carrying on a buisiness in Northern Ireland a grant towards
approved capital expenditure incurred by that person in providing a new part
for a ship which is or is to be used as mentioned in subsection (1).

(3) No grant shall be made under this section in respect of a ship, or of the
provision of a part for a ship, which

(a)is not registered in the United Kingdom under Part I of the
Merchant Shipping Act 1894; or

(b)is of less than one hundred tons gross tonnage or is not self-propelled;

(4) No grant shall be made under this section to

(a)an individual who is not both a citizen of the United Kingdom and Colonies
and ordinarily resident in Northern Ireland;

(b)a body corporate which is not incorporated and resident in Northern
Ireland.

(5) A grant may be made under this section in respect of a ship under
construction if it appears to the Ministry that the requirements of the
foregoing provisions of this section will be satisfied as respects that ship
when it is completed.

(6) Subject to any order under section 8, the amount of any grant under this
section shall be twenty per cent. of the expenditure in respect of which it is
made.

(7) The reference in subsection (1) to providing a ship does not include a
reference to providing it by chartering it from another person.

© 1966 Crown Copyright

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