2(1)the amount of the domestic rate relief grant payable to a local authority for any year shall be calculated by multiplying the aggregate amount of the domestic rate relief grant byE+W
where—
a is the domestic rateable value of the area of the local authority for the year multiplied by the amount of the reduction specified in relation to that area in the Rate Support Grant Report, and
A is the aggregate of the amounts calculated as for a in respect of each local authority entitled tore ceive domestic rate relief in the year.
(2)For the purposes of this paragraph the domestic rateable value of the area of a local authority shall be the amount, divided by two, of the aggregate of the rateable values of dwelling houses in the area shown in the valuation list on 1st April and 31st March in the year as certified by the vaulation officer.
(3)No payment in respect of the domestic rate relief grant shall be made to the Sub-Treasurer of the Inner Temple or the Under Treasurer of the Middle Temple if no rate in the nature of a general rate is levied in the Temple in question during the year.