SCHEDULES

SCHEDULE 12E+W Unexpended Balance of Established Development Value

Adjustment of claim holdings: preliminaryE+W

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.