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Part VIFinancial provisions in relation to the Authority

Chapter IIIGrants and Loans

Grants to the Authority

150Grants for national security purposes

(1)The Secretary of State may make grants to the Authority for the purpose of defraying or contributing towards any losses it may sustain by reason of compliance with directions given under section 207 below in the interests of national security.

(2)The approval of the Treasury shall be required for the making of grants under this section.