This section has no associated Explanatory Memorandum
49.—(1) Amend Schedule 14 (distinguishment of industrial hereditaments and freight-transport hereditaments) as follows.N.I.
(2) In paragraph 2(1) for “valuation list” substitute “ NAV list ”.
(3) In paragraph 3—
(a)in sub-paragraph (1)—
(i)for “valuation list” substitute “ NAV list ”;
(ii)at the end add “ (so far as relevant to its net annual value) ”;
(b)in sub-paragraph (2), for “valuation list” substitute “ NAV list ”.