The London Authorities (Property etc.) Order 1964

23.—(1) In articles 18 to 22, any reference to the product of a rate of one penny in the pound for any area is a reference to such product for the year 1964–65, being—

(a) in a case where that product has been ascertained or estimated by the rating authority for the purposes of section 9(2) of the Rating and Valuation Act 1925, that product as so ascertained or, if not ascertained at the date when, under article 24, the last payments are required to be made or the last allowances are required, estimated;

(b) in the case of any other part of a rating area, that product estimated by the rating authority in like manner as it would fall to be estimated for the purposes of paragraph (d) of the said section 9(2);

(c) such aggregate of the products defined in (a) and (b) as may be appropriate.

(2) In articles 18 to 22, “the relevant London boroughs”, in relation to any area, means the London boroughs specified in respect of such area in the following table.

TABLE

(1)	(2)
The administrative county of London.	The inner London boroughs and the London borough of Newham.
The county of Middlesex	The London boroughs of Barnet, Brent, Ealing, Enfield, Haringey, Harrow, Hillingdon, Hounslow and Richmond upon Thames.
The county of Essex	The London boroughs of Barking, Havering, Newham, Redbridge and Waltham Forest.
The county of Kent	The London boroughs of Bexley and Bromley.
The county of Surrey	The London boroughs of Croydon, Kingston-upon-Thames, Merton, Richmond-upon-Thames and Sutton.

(3) Any reference in articles 18 to 22 to the balance on any account or fund is a reference to the balance on that account or fund immediately before 1st April 1965 and in the determination of any such balance investments of the account or fund shall be taken into account at their latest middle market price before such date.

(4) If any balance on any fund or account referred to in articles 18 to 22 is negative, the provision in the said articles and in article 24 applicable thereto shall have effect with the substitution, for any expression relating to an amount payable by any authority, or the payment of such amount or the allowance of abatements from amounts due under precepts, of an expression relating to an amount recoverable by such authority, or the recovery of such amount or the adjustment of amounts due under precepts.