Explanatory note

This Order makes provision for the valuation of certain mines and quarries (“the prescribed class”) for the financial year 1991-92.

It provides that the rateable value of any lands and heritages which fall within the prescribed class should be an amount produced by deducting from the net annual value of those lands and heritages 30% of that value, except in the case of certain lands and heritages occupied for the purpose of winning and working, grading, washing, grinding and crushing of minerals, in which case the deduction to be made is 65% of their net annual value.