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Finance (No.2) Act 1987

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This is the original version (as it was originally enacted).

6In paragraph 12 (nominations of blended oil by a participator in two or more fields )—

(a)for the words from the beginning to “this Act” there shall be substituted

“(1)If a person is a participator in two or more oil fields which, in relation to any blended oil, are or are included among the originating fields, then, in accordance with regulations made by the Board, he may make a nomination, having effect with respect to all the originating fields in which he is a participator, of a proposed sale, supply or appropriation of the blended oil”; and

(b)at the end there shall be added—

“(2)In sub-paragraph (1) above “blended oil” and “the originating fields” have the same meaning as in section 63 of this Act.”

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