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Every insurance company that insures from fire any property in [F1Greater London other than the outer London boroughs] shall pay annually to the [F1Greater London Council] by way of contribution toward the expenses of carrying this Act into effect, a sum after the rate of thirty-five pounds in the one million pounds on the gross amounts insured by it, except by way of reassurance, in respect of property in [F1Greater London other than the outer London boroughs] for a year, and at a like rate for any fractional part of a million, and for any fractional part of a year as well as for any number of years for which the insurance may be made, renewed, or continued.
The said payments by insurance companies shall be made quarterly in advance, on the first of January, first of April, first of July, and first of October in every year; . . . F2
Textual Amendments
F1Words substituted by virtue of London Government Act 1963 (c. 33), s. 48(3)
F2Words repealed by Statute Law Revision Act 1875 (c. 66)