# The London Authorities (Property etc.) Order 1964, Article 21


(1) There shall be ascertained the amounts which bear to—
(a) the balance on the general account apart from the smallholdings account,
(b) the balances on the capital fund, the renewal and repairs fund and the insurance fund, respectively,
(c) the outstanding amounts of all repayable advances from the capital fund and the renewal and repairs fund, respectively,
of the county of Essex, Hertfordshire, Kent or Surrey the proportion which the product of a rate of one penny in the pound for the area of the county comprised in Greater London bears to the product of a rate of one penny in the pound for the county.
The said amounts shall be payable, in the case of the county of Hertfordshire to the council of the London borough of Barnet, and in the case of the county of Essex, Kent or Surrey to the councils of the relevant London boroughs in the proportions which the products of rates of one penny in the pound for the several boroughs bear to the product of a rate of one penny in the pound for all the relevant boroughs. In the application of this sub-paragraph the London borough of Newham shall be deemed to comprise only the part of the existing borough of Barking comprised therein and the London borough of Croydon shall be deemed to comprise only the area of the existing urban district of Coulsdon and Purley.
(2) There shall be ascertained the amount which bears to the balance on the special county account of the county of Essex, Hertfordshire, Kent or Surrey kept as respects any purpose the proportion which the product of a rate of one penny in the pound for the area chargeable as respects that purpose comprised in Greater London bears to the product of a rate of one penny in the pound for the whole of the area chargeable as respects such purpose, and such amount shall be payable to the councils of the London boroughs in which the area chargeable as first aforesaid is comprised in the proportions which the products of rates of one penny in the pound for the portions of such area comprised in the several boroughs bear to the product of a rate of one penny in the pound for such area.

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Source: https://www.legislation.gov.uk/uksi/1964/1464/article/21 (the official version)
Page: https://openlegislation.uk/london-authorities-property-etc-order-1964/article-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.