London Government Act 1963

70 Transitional assistance to certain counties

(1) If the county of Essex, Hertfordshire, Kent or Surrey incurs an additional rate burden consequential on this Act which exceeds the estimated product of a rate of fivepence in the pound for the county for the year 1965-66, the Greater London Council shall pay as part of their expenditure for general London purposes to the council of that county as part of their receipts for general county purposes—

(a) in the year 1965-66, an amount equal to that excess ;

(b) in the year 1966-67, an amount equal to seven-eighths of that excess;

(c) in the year 1967-68, an amount equal to three-quarters of that excess;

(d) in the year 1968-69, an amount equal to five-eighths of that excess;

(e) in the year 1969-70, an amount equal to half that excess ;

(f) in the year 1970-71, an amount equal to three-eighths of that excess;

(g) in the year 1971-72, an amount equal to a quarter of that excess;

(h) in the year 1972-73, an amount equal to one-eighth of that excess.

(2) The provisions of Schedule 16 to this Act shall have effect for the purpose of determining whether any, and if so what, additional rate burden consequential on this Act has been incurred by any of the counties aforesaid.

(3) Any payments made by the Greater London Council under this section shall be disregarded in ascertaining the expenditure of any county council for the purposes of section 5 of the Local Government Act 1958.