254
THE STATE AND LOCAL CONTROL
opinion of the Board of Trade fall within the scope of a scheme of reclamation, or be improved in value by reason of the existence or in the event of the construction of coast protection works.
   11.	To hold, lease, sell, or otherwise deal with any land acquired or reclaimed under the operations of the Act.
   12.	With the sanction of a Provisional Order to enter into and carry into effect agreements with landowners or local public authorities for loans from the Public Works Loan Commissioners, or which may be subscribed by the public, or grants of money made by the Treasury, either as capital or annual payments, by way of contribution towards the cost of any works for coast protection to be executed by such landowners or public authorities under the direction of the Board of Trade.
   Funds.— I. Funds voted by Treasury.
   2.	Grants (for capital expenditure) from the Development Commissioners.
   3.	Grants (under authority of Provisional Order) for either capital or current expenditure from local public authorities, companies, or persons.
   4.	Rates or scots on owners of property in defined areas benefited by particular works.
   5.	Precepts on county funds, but such precepts not to exceed a total rate of Jd. in the £ on the rateable value of such county.
   6.	Loans (for capital expenditure) from the Public Works Loan Commissioners, secured pro rata on the rates of the local authority concerned, or on the credit of the landowners, whether companies or individuals.
   7.	Income from investments representing capital grants or other capital moneys.
   A concrete instance of successful combined action is furnished in the Report of the Royal Commission. Under the Newhaven and Seaford Sea Defences Act of 1898 provision is made fora combination of local authorities, public companies, and private persons for the purpose of sea defence. The Commissioners appointed under this Act are a body corporate with perpetual succession and power to purchase and dispose of land