PART IV BRITISH TELECOM: HEREDITAMENTS IN WALES

8 Rateable value in 1990/1
In the year beginning on 1st April 1990 the rateable value of Welsh telecommunications hereditaments is the amount determined in accordance with the formula—
£6,391,432M
where
M is the non-domestic rating multiplier for that year applicable to those hereditaments in pursuance of paragraph 2 of Schedule 7 to the Act.