# The Railways (Rateable Value) Order (Northern Ireland) 1997, Article 8: Apportionment of net annual value


The net annual value specified in Article 5 and determined in accordance with Article 6 shall for each year be apportioned among the districts in accordance with the formula:—
A×BC where—
A is the net annual value for that year;
B is the total length of railway track in the district in question, measured in kilometres, which is occupied by the Company and used primarily for the conveyance of railway traffic; and
C is the total length of railway track in Northern Ireland, measured in kilometres, which is occupied by the Company and used primarily for the conveyance of railway traffic.

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Source: https://www.legislation.gov.uk/nisr/1997/106/article/8 (the official version)
Page: https://openlegislation.uk/railways-rateable-value-order-northern-ireland-1997/article-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.