Section 70.
1There shall be determined—
(a)the amount in the pound for which the county council would have to precept for the year 1964-65 in order to cover the net expenditure of that council for general county purposes ;
(b)the amount in the pound for which that council would have had to precept for that year in order to cover that expenditure if the changes taking place under this Act on 1st April 1965 had taken place on 1st April 1964.
2If the amount determined under paragraph 1 (b) of this Schedule exceeds that determined under paragraph 1 (a) thereof, there shall be calculated the amount representing the estimated penny rate product for the county for the year 1965-66 multiplied by the number of pence in that excess.
3(1)Subject to sub-paragraph (2) of this paragraph, there shall be determined as respects each rating area or part of a rating area in the county council's county review area—
(a)the amount in the pound for which the county council would have to precept in the year 1964-65 in order to cover the net expenditure of that council for special county purposes chargeable on that rating area or part;
(b)the amount in the pound for which that council would have had to precept in that year in order to cover that expenditure if the changes taking place under this Act on 1st April 1965 had taken place on 1st April 1964.
(2)In relation to—
(a)the Hertfordshire county council and the urban district of Potters Bar; and
(b)the Surrey county council and the urban districts of Staines and Sunbury-on-Thames,
for the purposes of the determination under paragraph (a) of the foregoing sub-paragraph, references in that paragraph to the county council shall be construed as references to the Middlesex county council and there shall be left out of account any expenditure to which section 93 (1) of the Middlesex County Council Act 1944 applies.
4If in the case of any rating area or part of a rating area the amount determined under paragraph 3 (1) (b) of this Schedule exceeds that determined under paragraph 3 (1) (a) thereof, there shall be calculated the amount representing the estimated penny rate product for the year 1965-66 for that rating area or part multiplied by the number of pence in that excess.
5The amount, if any, of the additional rate burden of the county consequential on this Act shall be determined by adding together the amounts, if any, calculated under paragraphs 2 and 4 of this Schedule for the county and for each respectively of the rating areas or parts of rating areas within the county council's county review area.
6The Minister may make regulations, which shall be subject to annulment in pursuance of a resolution of either House of Parliament—
(a)as to the manner in which, the assumptions on which, and the person by whom, any amount is to be determined under this Schedule ;
(b)requiring the county council and any rating authority concerned to furnish the person aforesaid with such information or estimates as he may reasonably require ;
(c)requiring the person aforesaid to consider any representations as to the determination of any amount which may be made to him by the county council or any such rating authority or by the Greater London Council or any rating authority in Greater London ;
(d)as to the manner in which any payment by the Greater London Council under section 70 (1) of this Act is made;
and any such regulations may contain such provisions as appear to the Minister to be necessary or expedient for the purposes of the said section 70 and this Schedule in consequence of any changes in the area, status or functions of local authorities or generally for the purpose of giving effect to the said section 70 and this Schedule.
7Section 144 (3) and (4) of the Local Government Act 1948 shall have effect for the purposes of the said section 70 and this Schedule as they have effect for the purposes of that Act.