Statutory Instrument 1995 No. 1974

The Local Government Reorganisation (Capital Money) (Greater London) (Amendment) Order 1995

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© Crown Copyright 1995

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1995 No. 1974

LOCAL GOVERNMENT, ENGLAND AND WALES

LONDON GOVERNMENT

The Local Government Reorganisation (Capital Money) (Greater London) (Amendment) Order 1995

The Secretary of State, in exercise of the powers conferred on him by section 77 of the Local Government Act 1985^[1], and of all other powers enabling him in that behalf, hereby makes the following Order:

Citation and commencement
    1.    This Order may be cited as the Local Government Reorganisation (Capital Money) (Greater London) (Amendment) Order 1995, and shall come into force on 23rd August 1995.

Distribution of capital money
    2.    The Local Government Reorganisation (Capital Money) (Greater London) Order 1991^[2] shall be amended—
 (a) in article 4, by the substitution of the following for paragraphs (2), (2A) and (3)—
"  (2)  During the financial year beginning on 1 April 1995, the Residuary Body shall pay to each billing authority the appropriate proportion of—
(a) so much of any capital money of the description specified in article 3(1)(b) above as was received by the Residuary Body between 30th November 1993 and 1st May 1995; and

(b) such capital money of the description specified in article 3(1)(c) as is held by the Residuary Body on the day the payments are made.


    (3)  In this article "the appropriate proportion" means—
(a) for the purposes of paragraphs (1) and (2)(a) above, the percentage specified in column (2) of the Schedule to this Order opposite the authority specified in column (1);

(b) for the purposes of paragraph (2)(b) above, the proportion which would apply to the billing authority in question if the payments made by virtue of that sub-paragraph were a distribution by the Residuary Body under section 77(4) of the 1985 Act.;"

 (b) by the substitution for the Schedule of the following Schedule—

SCHEDULE

(1)	(2)
Billing authority (London borough council unless otherwise stated)	%
Barking	2.099
Barnet	4.394
Bexley	3.171
Brent	3.572
Bromley	4.210
Camden	2.617
Croydon	4.663
Ealing	4.119
Enfield	3.776
Greenwich	3.099
Hackney	2.753
Hammersmith and Fulham	2.243
Haringey	3.056
Harrow	2.980
Havering	3.349
Hillingdon	3.456
Hounslow	2.979
Islington	2.531
Kensington and Chelsea	2.147
Kingston-upon-Thames	1.991
Lambeth	3.738
Lewisham	3.467
Merton	2.526
Newham	3.264
Redbridge	3.357
Richmond-upon-Thames	2.403
Southwark	3.309
Sutton	2.500
The Common Council of the City of London	0.057
Tower Hamlets	2.446
Waltham Forest	3.170
Wandsworth	3.832
Westminster City Council	2.726.

Signed by authority of the Secretary of State

David Curry

Minister of State, Department of the Environment

25th July 1995

The Local Government Reorganisation (Capital Money) (Greater London) Order 1991 specifies money received by the London Residuary Body as capital money for the purposes of section 77 of the Local Government Act 1985 and provides for the distribution of some of it by the London Residuary Body to billing authorities in Greater London.

This Order further amends the 1991 Order by providing for a further distribution of capital money in accordance with specified proportions and by substituting new percentages for those specified in the Schedule to the 1991 Order.

[1] 1985 c. 51; section 77 was amended by Schedule 12 to the Local Government and Housing Act 1989 (c. 42), S.I. 1990/268, 1990/776 and 1993/616. back

[2] S.I. 1991/439; relevant amending instruments are S.I. 1993/2878, 1994/580. back