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Miscellaneous Financial Provisions Act 1968

Consolidated Text As Enacted Cited authorities 9 Cited in Amendments 11 Related
Vincent
JurisdictionUK Non-devolved
Citation1968 c. 75
(1) For any financial year in which the proceeds from petroleum licences granted for the continental shelf exceed the expenses of administration the Minister of Power shall out of moneys provided by Parliament make payments to the Government of Northern Ireland and the Government of the Isle of Man of amounts equal respectively to the Northern Ireland share and the Isle of Man share of the balance, calculated in accordance with the following provisions of this section.(2) Where for any financial year the expenses of administration exceed those proceeds, both shall be carried forward and treated for the purposes of this section as expenses and proceeds of the following year.(3) For the purposes of this section the Northern Ireland share and the Isle of Man share of the balance calculated for any financial year shall be taken respectively to be the amounts which bear to the whole of that balance the same proportion as the population of Northern Ireland or, as the case may be, the Isle of Man, bears to the total population of the United Kingdom and the Isle of Man, as determined by the last census taken before the end of the financial year under the (4) For the purposes of this section the expenses of administration for a financial year shall be taken to be so much of the expenses incurred by any government department in that year as, in the opinion of the

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