C2Part V Rating of Transport and Electricity Authorities

Annotations:
Modifications etc. (not altering text)

Payments by British Transport Commission for benefit of local authorities

94F1 Adjustments of British Transport Commission’s payments for changes in the average rates.

1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2

C12

The aggregate gross charge to rates . . . F3, for Scotland, for the year preceding the year for which the payment by the British Transport Commission in question has to be made, as ascertained and certified by the Minister or, as the case may be, the Secretary of State, shall be multiplied by two hundred and forty and divided by the rateable value . . . F3, for Scotland, for the said preceding year, as so ascertained and certified.

2A

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4

F52AA

In ascertaining the gross charge aforesaid for Scotland for any year the Secretary of State shall treat the aggregate amount of the domestic element of rate support grants for that year as an amount required to be paid by virtue of the rates levied for that year by authorities in Scotland.

C13

The results of the calculation directed to be made by subsection (2) of this section shall then be reduced or increased to the nearest whole number, by ignoring any fraction which is less than one-half and treating any other fraction as equivalent to one.

C14

The adjustment . . . F6 is the application to the standard amount of the fraction of which the numerator is the result of the calculation directed to be made by subsection (2) of this section, reduced or increased to the nearest whole number, and the denominator is—

a

. . . F7

b

in the case of a payment for the benefit of local authorities in Scotland, . . . F8 the number certified by the Secretary of State to be the estimated result, to the nearest whole number, of a similar calculation as respects Scotland.