# The London Government Reorganisation (Mortgages) Order 1988, Paragraph 3


The formula for ascertaining the amount to be paid by Richmond to each of the other housing authorities is —
AST+BY where—
A is an amount equal to the appropriate revenue sum for the year in question;
B is an amount equal to the appropriate capital sum for that year;
S equals the population of the area of the housing authority in question;
T Equals the population of the area of all the housing authorities; and
Y is the appropriate percentage:
Provided that —
(a) if A is less than zero but B is greater than zero the formula shall be (A + B)Y;
(b) If A is greater than zero but B is less than zero the formula shall be —
(A+B)ST; and
(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.

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Source: https://www.legislation.gov.uk/uksi/1988/1747/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.