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(1)In every valuation list the classes of hereditaments hereinafter mentioned shall, in the prescribed manner, be distinguished from each other and from all other hereditaments, that is to say, there shall be so distinguished—
(a)agricultural hereditaments;
(b)industrial hereditaments;
(c)freight-transport hereditaments;
and where by this Act the net annual value of any such hereditament is required to be apportioned such apportionment shall be shown in the prescribed manner in the valuation list.
(2)Valuation lists which will come into force after the first day of October, nineteen hundred and twenty-nine, shall be made in conformity with the provisions of this Act; and the principal Act, that is to say,
(a)in relation to places outside London, the [15 & 16 Geo. 5. c. 90.] Rating and Valuation Act, 1925, as amended by any subsequent enactment; and
(b)in relation to London, the [32 & 33 Vict. c. 67.] Valuation (Metropolis) Act, 1869, as amended by any subsequent enactment, including this Act,
shall apply accordingly.
(3)For the purpose of enabling valuation lists which will be in force on the first day of October, nineteen hundred and twenty-nine, to be brought into conformity with this Act, the provisions set out in the First Schedule to this Act shall have effect.
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