# The Milk Marketing Board (Residuary Functions) Regulations 1994, Paragraph 7: Interpretation


In this Schedule–
“allocation ratio” means, in relation to any registered eligible producer, the fraction represented by the personal value divided by the collective value;
“alternative period” means the period commencing on 1st April 1993 and ending on 31st March 1994;
“collective value” means the total of the personal values for all registered eligible producers;
“personal allocation” means the allocation ratio multiplied by the relevant asset total;
“personal value” means the total value of qualifying milk calculated in accordance with paragraph 2 above;
“qualifying milk” means milk produced during the relevant period by a registered eligible producer while he was a relevant producer; and
“standard eligible producer” means a registered eligible producer who is neither an accepted hardship producer nor an assessed hardship producer for the purposes of paragraph 6 above.

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Source: https://www.legislation.gov.uk/uksi/1994/2759/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.