# The London Authorities (Transfer of Housing Estates etc.) (No. 3) Order 1972, Paragraph 1


In the year ending on 31st March 1973, a transferee authority shall pay to the Greater London Council by quarterly instalments in arrears a sum being the amount of the rents which were receivable by the latter authority on 31st March 1972 less the amount of—
(a) the estimated value of rent rebates in the said year based on the said rents calculated as if the housing accommodation had not been transferred; and
(b) the costs of management and costs of maintenance which were met in the year ending on 31st March 1972.

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Source: https://www.legislation.gov.uk/uksi/1972/173/schedule/paragraph/1 (the official version)
Page: https://openlegislation.uk/london-authorities-transfer-of-housing-estates-etc-no-3-order-1972/schedule/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.