Article 33 Accounts relating to parking meters

Paragraphs (2) to (4) shall apply to any London borough council named in column (2) of Schedule 4 where an authority or authorities specified in respect of such council in column (1) kept, on 31st March 1965, an account under section 89 of the Road Traffic Act 1960.

Any consent to the carrying forward in such account of any amount given by the Minister of Transport under subsection (2) of the said section to an authority specified as aforesaid shall have effect as if it had been given to the London borough council.

The purposes to which any surplus in the account kept by the London borough council under the said section are to be applied shall include the making good to the general rate fund of the council of any amounts charged under subsection (2) of the said section to the general rate fund of an authority specified as aforesaid in the four years immediately preceding the financial year in question.

In the application of subsection (5) of the said section the reference to the date when the local authority first keep an account required by subsection (1) shall be treated as a reference to the date when an authority specified in column (1) as aforesaid first kept such an account.