Article 3

For paragraph (5) of article 17 of the principal order there shall be substituted the following paragraph—

“(5)

In this article—

“appropriate valuation date” means whichever of the following dates most recently precedes the date on which the fee is payable:—

(a)

1st July 1984 in the case of any estate or trust in which the Public Trustee was acting on that date;

(b)

1st July 1987 in the case of any estate or trust in which the Public Trustee was acting on that date;

(c)

30th September 1991 in the case of any estate or trust in which the Public Trustee was acting on that date;

(d)

30th September 1993 in the case of any estate or trust in which the Public Trustee was acting on that date;

(e)

in any other case, the acceptance valuation date of the estate or trust; and

“relevant period” means the period between the appropriate valuation date and the date on which the fee is payable.”.