s 2 Amendments of Colonial Dew
(1) So much of section 1 of the Colonial Development and Welfare Act 1959 as requires the concurrence of the Treasury in the making of schemes under that section shall not apply to any scheme which satisfies such conditions as to cost and otherwise 35 the Treasury may from time to time determine. (2) The following provisions shall have effect in substitution for section 4 of the said Act, that is to say— (a) the sums to be paid out of moneys provided by Parliament for the purposes of schemes within the meaning of that Act shall not exceed £30 million in the year ending on 31st March 1964 nor £55 million in the two years ending on 31st March 1965, and shall not exceed £340 million in all (excluding sums so paid before Ist April 1946); (b) no such scheme shall continue in force after 31st March 1966 except so far as it makes provision for the payment out of moneys -provided by Parliament of pensions, allowances or other benefits in respect of injuries or diseases, or aggravation of diseases, incurred by persons engaged in activities carried on for the purposes of such schemes; (c) proposals for loans under section 2 of that Act shall not be approved so that the aggregate amount of such loans exceeds £20 million in respect of the proposals approved in the year ending on 31st March 1964 or £35 million in respect of the proposals approved in the two years ending on 31st March 1965, or £105 million in all; and (d) no proposals for loans under that section shall be approved after 31st March 1966, and no moneys shall be lent under that section after 31st March 1969. (3) In section 6(2) of the said Act (power to make and continue schemes for joint benefit of former colony and other colony), for the words “ if (in either case) the government of the former colony has undertaken to bear a reasonable share of the cost of the scheme ” there shall be substituted the words “‘ but (in either case) the sums paid out of moneys so provided, together with any contribution made by or on behalf of the government of the other colony, sball not exceed such share of the cost of the project to which the scheme relates as appears to the Secretary of State to be proportionate to the share of that colony in the benefits of that project ”.