7.—(1) Schedule 5 to the 1963 Act shall be amended as follows.
(2) In paragraph 1, for the words “be a mechanically or electrically operated apparatus complying” there shall be substituted the word “comply”.
(3) Paragraph 3(1) shall be amended as follows:
(a)there shall be omitted—
(i)in sub-paragraph (a) the words from “, not exceeding” to “statutory instrument,”; and
(ii)the words from “Any power” to “subsequent order.”; and
(b)there shall be inserted—
(i)after the words “on the track” the words “or, where bets may be made by means of the totalisator in more than one distinct area of the track, in each such area”; and
(ii)in sub-paragraph (a), after the word “specify”, the words “, prominently and in easily legible print,”.
(4) In paragraph 4(b)(2) for the words “paragraphs 5 and 6” there shall be substituted the words “paragraphs 4C to 6”.
(5) After paragraph 4B(3) there shall be inserted —
“4C.—(1) This paragraph applies where the amount payable in respect of each betting unit staked by a person winning a bet is or includes a fraction of the betting unit where is not one or more tenths of that unit.
(2)Where the fraction is less than a twentieth of the betting unit, the operator may retain it.
(3)Where the fraction is more than a tenth of the betting unit, but exceeds the next lower tenth of that unit by less than a twentieth of that unit, the operator may retain so much of it as exceeds that tenth of that unit.
(4)Otherwise, the amount payable in respect of each betting unit staked by a person winning a bet shall be deemed to be increased —
(a)to the next higher tenth of the betting unit; or
(b)where the fraction concerned exceeds nine tenths of the betting unit, to the next multiple of that unit.”.
(6) In paragraph 5(4), after the word “bet”there shall be inserted the words “, after any rounding under paragraph 4C of this Schedule,”.
(7) In paragraph 6, for the words “not being earlier than forty-eight hours after” there shall be substituted “being a time not falling within the period of 7 days beginning with the day after that of”.
(8) In paragraph 8 the words “Subject to paragraph 9 of this Schedule,” shall be omitted.
(9) For paragraph 9(5) there shall be substituted —
“9. The totalisator shall not be operated on any day unless the accountant has been given not less than 48 hours notice in writing that it is intended that betting should take place on that day by means of the totalisator.”.
(10) Paragraphs 10 and 10A(6) shall be omitted.
(11) For paragraph 12 there shall be substituted—
“12.—(1) The operator shall, within seven days after the close of each month, submit to the accountant for examination by him a complete statement of account for that month.
(2)The statement required by sub-paragraph (1) of this paragraph shall—
(a)specify, in relation to any amount carried over from one race or combination of races to another in accordance with such a condition as is mentioned in paragraph 4A of this Schedule —
(i)the amount carried over; and
(ii)the date of the race or combination of races to which it is carried over; and
(b)give all such other information as the accountant may require for the purpose of ascertaining whether the provisions of this Schedule have been complied with.”.
Paragraph 3 was amended by the Betting, Gaming and Lotteries (Amendment) Act 1969 (c. 17), section 1, and by the Betting, Gaming and Lotteries (Amendment) Act 1985 (c. 18), section 2(3).
Paragraph 4 was amended by the Finance Act 1966 (c. 18), section 12(6)(b).
Paragraph 4B was inserted by the Betting, Gaming and Lotteries (Amendment) Act 1985, section 2(4).
Paragraph 5 was substituted by the Decimal Currency Act 1969, section 10, Schedule 2, paragraph 17.
Paragraph 9 was amended by the Betting, Gaming and Lotteries (Amendment) Act 1985, section 2(5).
Paragraph 10A was inserted by the Betting, Gaming and Lotteries (Amendment) Act 1985, section 2(6).