SCHEDULES

SCHEDULE 12 Unexpended Balance of Established Development Value

Adjustment of claim holdings: preliminary

4

1

Paragraphs 5 to 11 shall have effect with respect to the adjustment of claim holdings for the purposes of this Part.

2

Any reference in this Part to the adjustment of claim holdings is a reference to the operation of those paragraphs.

3

For the purposes of this Part the adjustment of claim holdings shall be deemed to have been completed on 1st January 1955.

4

In paragraphs 5 to 11 “the time of completion” means the time when, in accordance with sub-paragraph (3), the adjustment of claim holdings is deemed to have been completed.