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Paragraph 6 Valuation assumptions

Original text. Later amendments are not shown.

In determining the amount of any compensation payable by the Treasury to any person in accordance with paragraphs 3 to 5, it must be assumed (in addition to the assumptions required to be made by section 5(4) of the Act (compensation etc. for securities transferred etc.)) that Northern Rock —

(a)

is unable to continue as a going concern; and

(b)

is in administration.