Part IV E+W+S Finance

Payments to Secretary of StateE+W

64 Disposal of land to comply with direction under s. 63. E+W

(1)Where, in order to comply with a direction under section 63 above, the corporation . . . F1 considers it desirable to dispose of any land, it may do so by virtue of this section.

(2)The power of disposal by virtue of this section may be exercised notwithstanding [F2section 17(1) above and any implied restriction in Part I of this Act on the circumstances in which property of a development corporation may be disposed of, but otherwise must be exercised in accordance with the said Part I except that, before giving the corporation directions under section 5(2), the Secretary of State shall consult the corporation (unless he is satisfied that, on account of urgency, such consultation is impracticable].

(3)–(8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3