reg 4 Persons by and to whom grant may be paid
(1) A grant under this Scheme may be paid by the appropriate Minister to any person or persons who makes or make an application to that Minister in respect of a fishing vessel— (a) if the vessel was owned by him or them on 27th October 1982, or (b) if the vessel had been owned by him or them at any time during the period from 1st March 1982 to 26th October 1982, provided that he or they had on or before 27th October 1982 entered into an enforceable contract to buy a replacement vessel (whether new or second hand). (2) Applications for grant under this Scheme shall be made in such form and manner and within such time as the appropriate Minister shall determine and the applicant shall furnish all such information and documentation relating to the application within such time as the appropriate Minister shall require.