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Article 5(1)
The amount to be distributed to each rating authority and to the Temples shall be determined by applying the formula—
where—
C is an amount equal to that part of the residual balances which remains after the making by the Residuary Body of compensation payments, less an amount equal to the loans outstanding immediately before 31st March 1991 which the Body had raised for the purpose of making compensation payments;
and D equals the population of the area of the rating authority in question or, as the case may be, of the Inner Temple or the Middle Temple;
E equals the population of the area of all the rating authorities and the Temples.
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