14.—(1) Amend Article 31 (reduction of rates on certain hereditaments used for recreation) as follows.
(2) In the following provisions for “valuation list” substitute “NAV list”—
(a)paragraph (2)(c);
(b)paragraph (3).
(3) In paragraph (4)—
(a)for “valuation list” where it first occurs substitute “NAV list”;
(b)in sub-paragraph (a), for “valuation list” substitute “list”.
(4) In paragraph (6), in the definition of “the normal rate”, after “in respect of” in the second place where it occurs insert “the rateable net annual value of ”.