The Secretary of State may before 31st March 1989 pay a grant of such amount as he may determine to the governors of the Royal Ballet School, London, (“the governors”) in respect of expenditure to be incurred by them on or in connection with the provision or alteration of buildings for the purposes of the School.
Where grant is paid under these Regulations the governors shall comply with such requirements (including requirements as to the repayment of grant or the payment to the Secretary of State of other sums representing the value of buildings provided or altered with the aid of grant or interest on sums due to him) as may be specified by the Secretary of State.
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