Finance Act 1972

The Finance Act 1967, s. 26

4 For subsection (1) of section 26 of the Finance Act 1967 there shall be substituted the following subsection:—

“(1) A payment under section 1 of the principal Act in respect of a person in an employment to which that section applies shall be made in any case where the establishment in or from which that employment is carried out is situated wholly within a development area and, subject to subsections (2), (4) and (5) of this section, the amount of that payment shall be—

(a) if that person was treated for the purpose of the employer's insurance contribution as a man over the age of 18, £1.50;

(b) if that person was treated for that purpose as a woman over the age of 18, 75p;

(c) if that person was treated for that purpose as a boy under the age of 18, 75p; and

(d) if that person was treated for that purpose as a girl under the age of 18, 47½ p.”

5 In subsection (2) of that section, for the words " any increase " there shall be substituted the words " any payment falling to be made ".

6 In subsection (4) of that section, for the word " increase " there shall be substituted the word " make ".

7 In subsection (5) of that section, for the words " increases " and " paid in both places, there shall be substituted respectively the words " payments " and " made ".