Docks and Harbours (Valuation) (Amendment) Order 1973
| Jurisdiction | UK Non-devolved |
1973 No. 654
RATING AND VALUATION
The Docks and Harbours (Valuation) (Amendment) Order 197312thMarch 1973
12thMarch 1973
30thMarch 1973
The Secretary of State for the Environment, after consultation with the associations of local authorities and of persons carrying on undertakings appearing to him to be concerned and the local authorities and persons carrying on undertakings with whom consultation appeared to him to be desirable, in exercise of powers conferred by sections 35(1) to (4) and (6) and 114(3) of the General Rate Act 1967(a) and now vested in him(b) and of all other powers enabling him in that behalf, hereby makes the following order:—
Title and commencement
1. This order may be cited as the Docks and Harbours (Valuation) (Amendment) Order 1973 and shall come into operation on the day following the day on which it has been approved by a resolution of each House of Parliament.
Interpretation
2.—(1) The Interpretation Act 1889(c) shall apply for the interpretation of this order as it applies for the interpretation of an Act of Parliament.
(2) In this order—
"subsidiary" means a subsidiary as defined by section 154 of the Companies Act 1948(d);
"the 1971 order" means the Docks and Harbours (Valuation) Order 1971(e); and
expressions used in the 1971 order shall have the same respective meanings in this order.
Effect of order
3. The 1971 order shall have effect for the year beginning on 1st April 1973 and subsequent years subject to the amendments effected by this order.
(a) 1967 c.9.
(b) S.I. 1970/1681 (1970 III, p.5551).
(c) 1889 c.63.
(d) 1948 c.38.
(e) S.I. 1971/561 (1971 I, p. 1560).
Relevant receipts
4. For the definition of "relevant receipts" in article 3(2) (interpretation) of the 1971 order there shall be substituted the following definition:—
" "relevant receipts", in relation to any dock or harbour undertaking, means all receipts by way of revenue included or to be included in the accounts of the undertaking, whether derived from the operations carried on under the authority referred to in article 2(1) or otherwise, and includes such receipts from all ancillary land and buildings occupied by the person carrying on the undertaking in connection with the dock or harbour, but shall exclude—
(a) receipts in respect of cargo handling;
(b) receipts in respect of pilotage;
(c) investment income from—
(i) investments required to be shown in the accounts of the undertaking (other than investments in subsidiary companies);
(ii) loans or deposits made for a period of 60 calendar...
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