Article 9 Rateable value in 1991/2
(1)
In respect of the year beginning on 1st April 1991, where a calculation in respect of Welsh telecommunications hereditaments in accordance with formula 1, that is to say—
produces an amount greater than that produced by a calculation in accordance with the standard formula, the rateable value of that class of hereditaments shall be the amount calculated in accordance with formula 1.
(2)
Where the calculation under paragraph (1) in accordance with formula 1 produces an amount equal to or less than that produced by a calculation in accordance with the standard formula, the rateable value of those hereditaments in that year shall be determined in accordance with the standard formula.