Apportionment of aggregate amount of rateable values6

1

For the purposes of section 6(2) of the 1975 Act, the aggregate amount of the rateable values of the prescribed class of lands and heritages for the financial year 1995-96 which is prescribed by article 5(1)(a) above shall be apportioned among the local authorities specified in column 1 of Schedule 2 to this Order in the amount shown opposite the name of each such local authority in column 2 of that Schedule.

2

For those purposes, the aggregate amount of the rateable values of the prescribed class of lands and heritages for each of the four financial years following the financial year 1995-96 (calculated in accordance with article 5(1)(b) above) shall be apportioned among local authorities in accordance with the formula—

D×EAmath

where—

  • D is the aggregate amount for the financial year in question;

  • E is the relevant figure for the area of the local authority and the financial year in question, calculated as provided for in regulation 5(2) above; and

  • A has the same meaning as in regulation 5(1) above.