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2. — In relation to the Metropolitan Police Authority, Part III of Schedule 3 to the Local Government and Housing Act 1989(1) shall apply as if—
(a)for paragraph 8 there were substituted—
“8. The credit ceiling of the Metropolitan Police Authority at 3rd July 2000 (in this Schedule referred to as the Authority’s “initial credit ceiling”) is £160,645,003.”;
(b)paragraph 9 were omitted;
(c)for each reference in paragraphs 10 to 14 to 1st April 1990 there were substituted a reference to 3rd July 2000.
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