Article 2 Distribution of capital money

in article 4, by the substitution of the following for paragraphs (2), (2A) and (3)—

“(2)

During the financial year beginning on 1 April 1995, the Residuary Body shall pay to each billing authority the appropriate proportion of—

(a)

so much of any capital money of the description specified in article 3(1)(b) above as was received by the Residuary Body between 30th November 1993 and 1st May 1995; and

(b)

such capital money of the description specified in article 3(1)(c) as is held by the Residuary Body on the day the payments are made.

(3)

In this article “the appropriate proportion” means—

(a)

for the purposes of paragraphs (1) and (2)(a) above, the percentage specified in column (2) of the Schedule to this Order opposite the authority specified in column (1);

(b)

for the purposes of paragraph (2)(b) above, the proportion which would apply to the billing authority in question if the payments made by virtue of that sub-paragraph were a distribution by the Residuary Body under section 77(4) of the 1985 Act.;”

by the substitution for the Schedule of the following Schedule—

“

SCHEDULE

(1)	(2)
Billing authority (London borough council unless otherwise stated)	%
Barking	2.099
Barnet	4.394
Bexley	3.171
Brent	3.572
Bromley	4.210
Camden	2.617
Croydon	4.663
Ealing	4.119
Enfield	3.776
Greenwich	3.099
Hackney	2.753
Hammersmith and Fulham	2.243
Haringey	3.056
Harrow	2.980
Havering	3.349
Hillingdon	3.456
Hounslow	2.979
Islington	2.531
Kensington and Chelsea	2.147
Kingston-upon-Thames	1.991
Lambeth	3.738
Lewisham	3.467
Merton	2.526
Newham	3.264
Redbridge	3.357
Richmond-upon-Thames	2.403
Southwark	3.309
Sutton	2.500
The Common Council of the City of London	0.057
Tower Hamlets	2.446
Waltham Forest	3.170
Wandsworth	3.832
Westminster City Council	2.726.

”