OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Order)

This Order makes provision for the valuation for the financial years 1995-96 to 1999-2000 of certain lands and heritages occupied by Alcan Aluminium UK Ltd. or the Lochaber Power Company (“the prescribed class of lands and heritages”) (article 3).

Article 5 of the Order prescribes that the rateable value of any lands and heritages within the prescribed class shall be an amount equal to the product of £8,715 multiplied by the declared net capacity of the generating plant on the lands and heritages (measured in megawatts).

The Order provides that the non-domestic water rate shall not be leviable in respect of the prescribed class of lands and heritages for financial year 1995-96 (article 4).

The Order amends certain enactments relating to the valuation of the prescribed class of lands and heritages and revokes the Orders for financial year 1994-95 applying to those lands and heritages (articles 6 to 9).