SCHEDULES

SCHEDULE 4E+W The Keeping of the Housing Revenue Account

Part IE+W Credits to the Account

Item 8: sums calculated as determined by Secretary of StateE+W

Sums calculated for the year in accordance with such formulae as the Secretary of State may from time to time determine.

In determining any formula for the purposes of this item, the Secretary of State may include variables framed (in whatever way he considers appropriate) by reference to such matters relating to the authority, or to (or to tenants of) houses and other property which are or have been within the account, as he thinks fit.