The Secretary of State may, with the approval of the Treasury, make to any successor company which is for the time being wholly owned by the Crown grants of such amounts, at such times and in such manner, as he may with the approval of the Treasury determine, towards the expenditure of that company.
Grants under this section may be made subject to such conditions as the Secretary of State with the approval of the Treasury may determine.
Any sums required by the Secretary of State for making grants under this section shall be paid out of money provided by Parliament.