Hydro-Electric Undertakings (Valuation for Rating) (Scotland) Act 1945

JurisdictionUK Non-devolved
Citation1945 c. 34


Hydro-Electric Undertakings (Valuation for Rating) (Scotland) Act, 1945

(8 & 9 Geo. 6.) CHAPTER 34.

An Act to amend the law of Scotland with regard to the valuation for rating of hydro-electric undertakings and for purposes connected therewith.

[15th June 1945]

Be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

S-1 North of Scotland Hydro-Electric Board's Undertaking to be valued by Assessor of Public Undertakings \(Scotland).

1 North of Scotland Hydro-Electric Board's Undertaking to be valued by Assessor of Public Undertakings \(Scotland).

1. It shall be the duty of the Assessor of Public Undertakings (Scotland) to ascertain and fix the value of all lands and heritages belonging to or leased by the North of Scotland Hydro-Electric Board and forming part of their undertaking as hereinafter defined and for that purpose the provisions of the Lands Valuation (Scotland) Act, 1854, and the Acts amending it shall apply in like manner as that Act as so amended applies in relation to the valuation of the lands and heritages belonging to any company or body which it is the duty of the Assessor to value.

S-2 Valuation of generating works forming part of a hydro-electric installation.

2 Valuation of generating works forming part of a hydro-electric installation.

(1) It shall be the duty of every assessor in any valuation roll made up by him to enter separately, and to assign values to, the generating works forming part of any undertaking whose lands and heritages it is his duty to value, and it shall be the duty of the assessor for any county or burgh to furnish to the Assessor of Public Undertakings (Scotland) such information as he may require with regard to the value of any generating works which it is the duty of the assessor for such county or burgh to value.

(2) The provisions hereinafter contained shall have effect with regard to the valuation of any generating works forming part of a hydro-electric installation (whether or not wholly situated in one area) the total capital cost of which installation divided by the number of kilowatts representing the effective capacity of the installation (which cost so divided is hereinafter referred to as the cost per kilowatt) exceeds thirty pounds.

(3) The rateable value of any such generating works as aforesaid which were first entered in the valuation roll after the year ending on the fifteenth day of May nineteen hundred and forty-four shall be such sum as bears to the net annual value of those works the same proportion as thirty pounds bears to the cost per kilowatt of the hydro-electric installation of which those works form part.

(4) For the purpose of fixing the rateable value for any year after that ending on the fifteenth day of May nineteen hundred and forty-six of any such generating works as are mentioned in subsection (2) of this section and were entered in the valuation roll for the year ending on the fifteenth day of May...

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