# The Mines and Quarries (Rateable Values) (Scotland) Order 1994, Note: Explanatory note


(This note is not part of the Order)
This Order makes provision for the valuation for the financial year 1994-95 of certain mines and quarries (article 3) (“the prescribed class”).
It provides (at article 4) that the rateable value of any lands and heritages which fall within the prescribed class should be an amount produced by deducting from their total net annual value—
(a) 55% of the net annual value attributable to certain parts used for winning and working, grading, washing, grinding and crushing of minerals; and
(b) 10% of the net annual value attributable to any other parts of the lands and heritages.
The Order also amends certain enactments relating to the valuation of the prescribed class and revokes the Order for financial year 1993-94 concerning certain mines and quarries (articles 5 to 8).

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Source: https://www.legislation.gov.uk/uksi/1994/912/note (the official version)
Page: https://openlegislation.uk/mines-and-quarries-rateable-values-scotland-order-1994/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.