Chapter 3 CALCULATION OF INDEXED POOL OF EXPENDITURE IN ACCORDANCE WITH SCHEDULE 6

Expenditure
	Securities	Excluded from pools	Unindexed pool	Indexed pool
		£	£	£
31st March 1982	1,000		6,000	6,000
1st September 1983 indexed rise:
$£6,000 \times \frac{107 - 100}{100} = £6,000 \times .070$				420
Additions to 1983 holding	2,000		12,000	12,000
	(Acquired 1st September 1982)
Rights taken up	3,000	6,000
	6,000	6,000	18,000	18,420
1st March 1984 indexed rise:
$£18,420 \times \frac{110 - 107}{107} = £18,420 \times .028$				516
Addition (including rights) to 1983 holding	6,000	6,000	10,000	10,000
	12,000	12,000	28,000	28,936
1st September 1984 indexed rise:
$£28,936 \times \frac{112 - 110}{110} = £28,936 \times .018$				521
Expiry of 12 months following rights issue; expenditure no longer excluded	(12,000)	12,000	12,000
	12,000	—	40,000	41,457
1st January 1985 indexed rise:
$£41,457 \times \frac{114 - 112}{112} = £41,457 \times .018$				746
	12,000		40,000	42,203
Disposal	3,000		10,000	10,551
	9,000		30,000	31,652