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The Secretary of State has power to certify a scheme as a scheme for rationalising industry if he is satisfied:

1. Ìý

   •ÌýÌýÌýÌý that the primary object of the scheme is the elimination of redundant works, machinery or plant from use in a UK industry

2. Ìý

   •ÌýÌýÌýÌý that the scheme is in the national interest and in the interest of the industry as a whole, and

3. Ìý

   •ÌýÌýÌýÌý that persons in the industry, who are substantially representative of the industry, are liable to pay contributions in furtherance of the primary object of the scheme by agreement between them and the body of persons carrying out the scheme

For this purpose a UK industry includes shipowning, and references to works or machinery or plant include references to ships¹.

The Secretary of State can cancel any certificate if he is no longer satisfied the conditions above are met², and can at any time require those carrying out a certified scheme to produce any books or documents relating