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(1)As from the appointed day, a rating authority, in preparing a draft valuation list or a new valuation list under the Rating and Valuation Acts, shall enter therein in respect of any hereditament for the time being shown in the railway valuation roll as a railway hereditament the values and other particulars appearing in respect of that hereditament in the valuation list for the time being in force, and, while that hereditament remains in the roll, no amendment shall be made hi the values or other particulars so entered except in pursuance of a notice sent to the assessment committee by the Railway Assessment Authority under the provisions of this Act relating to the notification to assessment committees of values and of alterations of values of railway hereditaments.
(2)Section forty-three of the [32 & 33 Vict. c. 67.] Valuation (Metropolis) Act, 1869, and subsection (2) of section nineteen of the [15 & 16 Geo. 5. c. 90.] Rating and Valuation Act, 1925 (which relate to the duration of valuation lists) shall have effect subject to the provisions of this Act.
(3)The provisions of the Rating and Valuation Acts with respect to objections to valuation lists and draft valuation lists and to appeals against decisions upon such objections, with respect to the revision or amendment of current valuation lists by means of proposals, supplemental lists or provisional lists and with respect to the making of returns by owners and occupiers shall not apply in the case of a hereditament for the time being shown in the railway valuation roll as a railway hereditament.
(4)The provisions of the Rating and Valuation Acts with respect to the powers of persons employed by a rating authority to enter on, survey and inspect hereditaments shall apply also to persons appointed or employed by the Railway Assessment Authority.
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