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8. In article 7—
(a)in paragraph (1) after the words “1980 Act” there shall be inserted “and Part IV of the Local Government and Housing Act 1989”;
(b)at the end of paragraph (3) there shall be added “and the reserved part of amounts to be treated by virtue of this article as capital receipts of a local council for the purposes of Part IV of the Local Government and Housing Act 1989 shall be 50 per cent.”; and
(c)at the end of paragraph (4) there shall be added “and Part IV of the Local Government and Housing Act 1989.”.
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