{
  "url": "https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-2/paragraph-1",
  "json_url": "https://openlegislation.uk/london-government-reorganisation-mortgages-order-1988/schedule-2/paragraph-1.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/2/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "In this Schedule —\n“appropriate percentage” has the same meaning as in Schedule 1 to this Order;\n“net capital residue” means the aggregate of the amounts received by Richmond in the financial year in question which are attributable to —\n(a) repayments of principal in respect of any mortgage vested by article 2(1) or any further advance; or\n(b) repayments of discount on early disposal, the right to the repayment of which is vested by article 2(4),\nless the aggregate of —\n(c) the amount which, but for article 10, would be treated as prescribed expenditure incurred by Richmond in that year in connection with the matters specified in heads (b), (c) and (d) of that article; and\n(d) any amount which for the purposes of the definition of “appropriate capital sum” in Schedule 1 has been written off in that year as irrecoverable;\n“prescribed expenditure” has the same meaning as in section 71 of the 1980 Act.",
  "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/2/paragraph/1",
    "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."
}