Article 2 Interpretation

In this Order—

• “the Act” means the Local Government Finance Act 1988;

• “British Gas” means the company registered at the date of this Order with the name British Gas plc;

• “gas hereditaments” means non-domestic hereditaments occupied (or, if unoccupied, owned) by British Gas and required by virtue of regulation 6(1) of, and Part 3 of the Schedule to, the Central Rating Lists Regulations 1994^f1 to be shown in a central rating list; and

• “English gas hereditaments” means such hereditaments so required to be shown in the central rating list for England, and “Welsh gas hereditaments” means such hereditaments so required to be shown in the central rating list for Wales;

• “relevant pipe-line” means any pipe-line occupied (or, if unoccupied, owned) by British Gas and having a design operating pressure exceeding 7 bars;

• “relevant year” means a year for which a rateable value falls to be determined in accordance with this Order, and “relevant preceding year” means the year preceding a relevant year;

• “the standard formula” means the formula T + U where —

  1. (a)

     T in respect of English gas hereditaments is £483,887,500 and in respect of Welsh gas hereditaments is £29,373,300; and

  2. (b)

     U is the recalculation factor determined under article 6 for the relevant year; and

• “year” means a chargeable financial year.