- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more
5.—(1) In this article—
“the aggregate liabilities” means
the aggregate amount of assessed deficiency charges in respect of the superannuation funds of the London County council and the county council of Middlesex outstanding against the county funds of such councils on 31st March 1965;
ten times the total paid out of such county funds in respect of the year 1964–65 as pensions increases and augmentations of pensions paid out of the superannuation funds aforesaid,
less such payments as have been made in respect of such liabilities in the years 1965–66 and 1966–67
“relevant authority” means
“the Schedule” means
(2) Subject to paragraph (3) of this article, any authority named in column (1) of the Schedule shall pay to the Greater London Council, towards the aggregate liabilities—
(a)before or on 31st March 1969, twice the amount specified in respect of that authority in column (2);
(b)on 1st January 1970 and each following 1st January until 1st January 1980, the amount so specified in column (2),
the amount in column (2) being that defined in column (3).
(3) The Minister, on the representations of any relevant authority, on any variation of an agreement under article 4 of this order or in the light of any material circumstances becoming known after 31st December 1967, and after consultation with all other relevant authorities concerned, may make such variation as he considers expedient of—
(a)the amount of £20,430,000 contained in the definition of “the aggregate liabilities”;
(b)any fraction specified in column (3) of the Schedule or any amount specified in column (2).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: