(1)If the expenses incurred by the county council in respect of a Yorkshire deeds registry during the period of two years beginning with the date which under section 16(3) of this Act is the relevant date in relation to that registry (including expenses in consequence of any regulations made under section 19(2) of this Act) exceed the receipts of the council in respect of the registry during that period, the Treasury shall pay to the council a sum equal to the excess.
(2)Any dispute under this section shall be determined by arbitration.