3. In article 5 (aggregate amount of rateable values)–
(a)before the words “For the purposes”, there shall be inserted “(1)”;
(b)in paragraph (b), for the words “each of the following four financial years” there shall be substituted the words “the financial year 1996-97”; and
(c)for the word “where–”, there shall be substituted the following:–
“(c)for the financial year 1997-98 and each of the following two financial years, shall be calculated in accordance with the formula–
(2) In sub-paragraphs (b) and (c) of paragraph (1) above–”.