Paragraph 1
In section 2(2) of the New Universities (Acquisition of Land) Act (Northern Ireland) 1966f1 (contributions towards expenditure under section 1)—
(a)
after “net annual value” there shall be inserted “and the capital value”;
(b)
after “total net annual value” there shall be inserted “and the total capital value”;
(c)
after subsection (2) insert—
“(3)For the purposes of this section—
(a)“capital value” means capital value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Article 39 of that Order; and
(b)“net annual value” means net annual value for the purposes of the Rates (Northern Ireland) Order 1977 and shall be construed in accordance with Articles 39 and 39A of that Order.”