SCHEDULES

SCHEDULE 3Continuing functions of Receiver for the Metropolitan Police District in relation to pensions etc. of court staff

5

The amount of any grant under paragraph 4 above towards the net cost to the Receiver in any year of the matters mentioned in that paragraph shall not exceed 80 per cent of whichever of the following is the less, namely—

a

that net cost; and

b

the amount which, in relation to that year, is for the time being determined for the purposes of this paragraph by the Lord Chancellor.