Article 2 Amendments to the 1989 Order.

(1)

Subject to article 3, with effect from 1st April 1995, the Docks and Harbours (Rateable Values) Order 1989^f1 shall be amended in accordance with the following paragraphs.

(2)

In article 2—

(a)

at the beginning, insert “(1)”;

(b)

in the definition of “adjusted income”, for “1987”, substitute “1992”;

(c)

in the definition of “relevant income”, insert, after “means”, “,subject to paragraph (2),”; and

(d)

at the end, insert,

“(2)

In relation to the Port of London Authority (the “Authority”) and Port of Tilbury London Limited (the “company”) in respect of the year beginning on 1st April 1995, the reference to “income” in the definition of “relevant income” in paragraph (1) shall be taken as a reference to that part of the income of the undertaking of the Authority for the accounting period of twelve months ending on 31st December 1992 which, if the undertakings of the Authority and the company as constituted immediately after the transfer confirmed by the Port of Tilbury Transfer Scheme 1991 Order 1992^f2 had existed throughout those months, would have been the income of the undertakings of the Authority and the company respectively in relation to those months.”.

(3)

In article 3(2)(a), for “not more than £50,000”, substitute “less than £1,000,000”.

(4)

In articles 3(2)(a)(i) and 4(1)(a)(i), for “1987”, substitute “1992”and, for “1988”, substitute “1993”.

(5)

In articles 3(2)(a)(ii) and 4(1)(a)(ii), for “1988”, substitute “1993”.

(6)

In article 4(1)(a), for “1990”, substitute “1995”.

Annotations

Footnotes

f1: Section 143(2) is amended by paragraph 72(2) of Schedule 5 to the Local Government and Housing Act 1989 (c. 42).Paragraph 3(1) of Schedule 6 was amended by paragraph 38(12) of Schedule 5 to the 1989 Act.See section 146(6) of the 1988 Act for the definition of “prescribed”.
f2: S.I. 1989/2473.