(1) Before 30th April 2002 the Treasury must inform the Authority of an amount ("the relevant amount"), which must not exceed the existing deficit, for the purposes of this article.
(2) The Authority must make rules providing for the payment to it in the transitional period by authorised persons who have Part 4A permission to effect and carry out contracts of insurance of such fees as it considers will enable it to repay the relevant amount to the Treasury.
(3) In making rules under paragraphs (2) for the first year of the transitional period, the Authority must have regard to the object of securing (so far as practicable) that the amount of fees payable in that year is equal to one half of the relevant amount.
(4) On each of 31st July 2003 and 31st July 2004, the Authority must pay to the Treasury the sums that it has received by virtue of rules made under paragraph (2) in the relevant period which expires immediately before that date.
(5) Any sums received by the Treasury pursuant to
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