{
  "url": "https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-1/paragraph-3",
  "json_url": "https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-1/paragraph-3.json",
  "legislation": "uksi/1988/1747",
  "legislation_title": "The London Government Reorganisation (Mortgages) Order 1988",
  "legislation_url": "https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988",
  "path": "schedule/1/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "The formula for ascertaining the amount to be paid by Richmond to each of the other housing authorities is —\nAST+BY where—\nA is an amount equal to the appropriate revenue sum for the year in question;\nB is an amount equal to the appropriate capital sum for that year;\nS equals the population of the area of the housing authority in question;\nT Equals the population of the area of all the housing authorities; and\nY is the appropriate percentage:\nProvided that —\n(a) if A is less than zero but B is greater than zero the formula shall be (A + B)Y;\n(b) If A is greater than zero but B is less than zero the formula shall be —\n(A+B)ST; and\n(c) if both A and B are zero or less than zero, or if the application of either of the formulae specified in subparagraphs (a) and (b) produces a negative result, the product of the formula shall be deemed to be zero.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1988/1747/schedule/1/paragraph/3",
    "retrieved_at": "2026-10-29T15:56:49.123972+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}