SCHEDULES

SCHEDULE 5Amendments of the New Towns Act 1981

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(1)

Section 67 (accounts of Commission and development corporations) is amended as follows.

(2)

In the heading, omit “Commission and”.

(3)

In subsection (1)—

(a)

omit “The Commission and”,

(b)

in paragraph (b), omit “respectively”, and

(c)

omit the words from “being, in the Commission's case” in paragraph (b) to the end of the subsection.

(4)

Omit subsection (1A).

(5)

In subsection (2)—

(a)

omit “of the Commission and”, and

(b)

omit “or the Commission” wherever appearing.

(6)

In subsection (3)—

(a)

omit “the Commission or”, and

(b)

in paragraph (a), for “they are” substitute “ it is ”.