Explanatory note

This Order makes provision for the valuation for the financial year 1995-96 and subsequent financial years of certain mines and quarries in Scotland (“the prescribed class”) (article 3).

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 50% of the net annual value attributable to certain parts used for winning and working, grading, washing, grinding and crushing of minerals.

The Order also amends certain enactments relating to the valuation of the prescribed class and revokes the Order for financial year 1994-95 concerning certain mines and quarries (articles 5 to 8).