Aggregate amount of rateable values for financial years 1995-96 to 1999-2000

5.  For the purposes of section 6(1) of the 1975 Act, the aggregate amount of the rateable values of the prescribed class of lands and heritages—

(a) for the financial year 1995-96, is hereby prescribed as £53,343,087;

(b) for each of the following four financial years, shall be calculated in accordance with the formula—

where—

• A is the length of the relevant pipeline as at 31st March immediately preceding the financial year which commenced one year before the beginning of the financial year for which the calculation is being carried out; and

• B is the length of the relevant pipeline as at 31st March 1994.