The reasonable expense of any special arrangements necessitated by war conditions is excepted from this scale and is separately repayable.
So one could perhaps say that it was a loan scheme repayable on the average.
It is optional for the county councils to decide whether the sinking fund should be repayable by the county council or the small holder.
In addition, working capital is provided at the rate of £260 per man, of which £130 is repayable, without interest.
The loan is secured by a first debenture, and is repayable in fifteen annual instalments commencing in 1921.
As with the original grant of £449 million (gross), this additional grant is repayable from any operating or disposal surplus.
Pending that approval urgent expenditure estimated at £2,800,000 will be met by repayable advances from the contingency fund.
Pending that approval, urgent expenditure estimated at £2.5 million will be met by repayable advances from the contingency fund.
