Article 10 Adjustment of amounts payable under London Equalisation Scheme 1959
This article applies to the amounts payable in the years 1961–62 to 1964–65 under the provisions of paragraphs 4 and 5 of the London Equalisation Scheme 1959.
Until 31st March 1966—
the Minister may make and notify to the Greater London Council such further estimates of the said amounts, taking into account information not previously available, as he may think fit;
as soon as practicable after he has received what appears to him to be sufficient information for the purpose the Minister shall make and notify to the Greater London Council a conclusive calculation of the said amounts.
Any adjustment of information which could be made for the purposes of rate-deficiency grants under the provisions of regulations made under section 15 of the Local Government Act 1948 may be made for the purposes of paragraph (2) and any expenditure which could be disregarded for the said purposes may be disregarded for the purposes of such paragraph.
Where any estimate or conclusive calculation under paragraph (2) for any year shows that a different amount was payable for that year to any authority, the difference shall be paid by the Greater London Council to the relevant authority or recovered by the Council from the relevant authority, as the case may be, by making the appropriate adjustment of the amounts due under the precepts of the Council to the relevant authority.
In this paragraph, “the relevant authority” means—
in relation to the council of any metropolitan borough, the council of the London borough specified in respect of such first-mentioned council in column (2) of the schedule to this order;
in relation to the Common Council of the City of London, that Council.