This Order makes provision for the valuation for the financial year 1992-93 of certain lands and heritages occupied by Strathclyde Passenger Transport Executive (article 3) ( “the prescribed class of lands and heritages ”) and used wholly or mainly in connection with the carriage of passengers on Glasgow Underground railway.

The Order prescribes the aggregate amount of the rateable values of the prescribed class of lands and heritages for that financial year at £220,655 (article 5).

The Order provides that the non-domestic water rate shall not be leviable in respect of the prescribed class of lands and heritages for that financial year (article 4).

The Order amends certain enactments relating to the valuation of the prescribed class of lands and heritages and revokes Orders for financial years 1990-91 and 1991-92 concerning Glasgow Underground (articles 6 to 9).

By virtue of section 6(6) of the Local Government (Scotland) Act 1975, as amended, the Order has effect from 1st April 1992.