SCHEDULES

SCHEDULE 2S Valuation of Water Undertakings

Part IIS Determination of Cumulo Rateable Value in Respect of Amalgamated Undertakings and of New Undertakings

9SFor the year in which the amalgamation takes place the amalgamated water undertaking shall be treated as consisting of the separate water undertakings which comprise it, and accordingly the cumulo rateable values relating to the separate undertakings shall continue to apply.