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(1)This section applies where, during the financial year ending on 31 March 1985, an operator has extracted ironstone in respect of which contributions would (apart from this Act) be payable by him to the Secretary of State under section 1 of the 1971 Act.
(2)Not later than 30 April 1985 the operator shall make a return to the Secretary of State containing a statement of the tonnage of the ironstone.
(3)Notwithstanding section 16 of the [1978 c. 30.] Interpretation Act 1978, the operator shall not be bound after 31 March 1985 to pay in respect of the ironstone any sum by way of contribution under section 1 of the 1971 Act.
(4)As soon as may be after 31 March 1985 the Secretary of State shall pay to the British Steel Corporation a sum equal to the amount he would (apart from this Act) have been bound to pay into the fund in respect of the ironstone under section 8 of the 1951 Act.
(5)Any expenses of the Secretary of State incurred under subsection (4) above shall be defrayed out of money provided by Parliament.
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