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The Scottish Hospital Trust (Transfer of Property) Regulations 2004
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- Scottish Statutory Instruments
- 2004 No. 46
- Regulation 5
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Method of calculating capital value of Trust Property
5. The capital value of the Trust property shall be calculated as follows:–
(a)investments quoted on a Stock Exchange – at last official traded price at 6th February 2004;
(b)short term loans, bank and cash balances – at amounts outstanding or at credit at 6th February 2004;
(c)subject to paragraph (d), other property and rights of, or held by, the Trust (of whatever kind) at market valuation as at 6th February 2004, by a valuer appointed by the Trust; and
(d)any feudal superiority shall have a nil value.
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