The London Government Reorganisation (Mortgages) Order 1988 (S.I. 1988/1747)(1)
6. In article 8—
(a)in paragraph (1), for the words “each financial year commencing with the financial year beginning 1st April 1988” there shall be substituted “the financial years beginning 1st April 1988 and 1st April 1989”;
(b)after paragraph (1) there shall be inserted the following paragraph—
“(1A) For the purposes of Part IV of the Local Government and Housing Act 1989 the capital receipts of each local housing authority in London for financial years beginning on or after 1st April 1990 shall be treated as if they included an amount equal to the appropriate percentage of the appropriate capital sum for the financial year in question determined in accordance with Schedule 1, and for such purposes the reserved part of any such amount shall be 75 per cent.”;
(c)at the end of paragraph (2) there shall be added “and Part IV of the Local Government and Housing Act 1989.” .
There are amendments to S.I. 1988/1747 not relevant to this Order.