SCHEDULES

SCHEDULE 5 Reserved matters

Part III General provisions

Financial assistance to industry

4

(1)

This Schedule does not reserve giving financial assistance to commercial activities for the purpose of promoting or sustaining economic development or employment.

(2)

Sub-paragraph (1)—

(a)

does not apply to giving financial assistance to any activities in pursuance of a power exercisable only in relation to activities which are reserved,

(b)

does not apply to Part I of this Schedule, except paragraph 9, or to a body to which paragraph 3 of this Part of this Schedule applies,

(c)

is without prejudice to the exceptions from the reservations in Sections F1C11, E2 and E3 of Part II of this Schedule.

(3)

Sub-paragraph (1) does not affect the question whether any matter other than financial assistance to which that sub-paragraph applies is reserved.