Article 4 Rateable value

For the purposes of section 6(1) of the 1975 Act and in respect of the financial year 1990-91, the rateable value of any lands and heritages which fall within the prescribed class of lands and heritages (other than those to which paragraph (2) below applies) shall be the amount produced by deducting from the net annual value of those lands and heritages thirty five per cent of that value.

This paragraph applies to any lands and heritages or part thereof (other than those consisting of buildings, plant and machinery, roads, shafts or adits and other works) which fall within the prescribed class of lands and heritages and which are occupied for the purpose of winning and working, grading, washing, grinding and crushing of minerals.

For the purposes of section 6(1) of the 1975 Act and in respect of the financial year 1990-91, the rateable value of any lands and heritages or part thereof to which paragraph (2) above applies shall be the amount produced by deducting from the net annual value of those lands and heritages sixty seven point five per cent of that value.