The London Authorities (Property etc.) Order 1964

19.—(1) There shall be ascertained the amounts which bear to—

(a)the balance on the general county account,

(b)the balance on the Small Dwellings Acquisition Acts account,

(c)the balances on the capital fund and the insurance fund, respectively,

of the county of Middlesex the proportions which the products of rates of one penny in the pound for the area of the county comprised in Greater London, the urban district of Potters Bar and the urban districts of Staines and Sunbury-on-Thames bear to the product of a rate of one penny in the pound for the county.

The first amounts so ascertained shall be payable to the councils of the relevant London boroughs in the proportions which the products of rates of one penny in the pound for the several boroughs bear to the product of a rate of one penny in the pound for all the relevant boroughs. In the application of this sub-paragraph the London borough of Barnet shall be deemed not to comprise the areas of the existing urban districts of Barnet and East Barnet, and the London borough of Richmond upon Thames shall be deemed to comprise only the area of the existing borough of Twickenham.

The second amounts so ascertained in the case of items (a) and (b) shall be payable to the county council of Hertfordshire. The second amount so ascertained in the case of item (c) shall be payable to the urban district council of Potters Bar.

The third amounts so ascertained in the case of items (a) and (b) shall be payable to the county council of Surrey. The third amounts so ascertained in the case of item (c) shall be payable to the councils of the urban districts of Staines and Sunbury-on-Thames in the proportions which the products of rates of one penny in the pound for the several urban districts bear to the product of a rate of one penny in the pound for both urban districts.

(2) The outstanding amount of all repayable advances from the capital fund of the county of Middlesex shall, immediately before 1st April 1965, be allocated to the councils of the relevant London boroughs and the urban districts of Potters Bar, Staines and Sunbury-on-Thames in the proportions which the products of rates of one penny in the pound for the several boroughs and urban districts bear to the product of a rate of one penny in the pound for all such boroughs and urban districts. In the application of this paragraph the London borough of Barnet shall be deemed not to comprise the areas of the existing urban districts of Barnet and East Barnet, and the London borough of Richmond upon Thames shall be deemed to comprise only the area of the existing borough of Twickenham.

Where the amount allocated to the council of any London borough exceeds the amount of the repayable advances from the said capital fund in respect of matters transferred by the Act or this order to such council, the amount of the excess shall be applied in cancellation of liabilities to the consolidated loans fund maintained by the county council of Middlesex (and transferred by article 17 to the Greater London Council) which would under article 30 fall to be discharged by such London borough council.

Where the amount of the repayable advances from the said capital fund in respect of matters transferred by the Act or this order to the council of a London borough exceeds the amount allocated to such council, the amount of the excess shall be deemed to have been advanced from the said consolidated loans fund to such London borough council.

The amount allocated to the urban district council of Potters Bar, Staines or Sunbury-on-Thames shall be payable to the council and shall be applied by them towards the discharge of any debt or otherwise for any purpose for which capital money may properly be applied.

The repayable advances from the said capital fund in respect of any matter transferred by this order to the county council of Hertfordshire or Surrey shall be deemed to have been advanced from the consolidated loans fund aforesaid to such county council.

(3) The balance on the special county account of the county of Middlesex kept as respects any purpose, other than the Small Dwellings Acquisition Acts account, shall be payable to the councils of the London boroughs and urban districts in which the area chargeable as respects such purpose is comprised on and after 1st April 1965 in the proportions which the products of rates of one penny in the pound for the portions of such area comprised in the several boroughs and urban districts bear to the product of a rate of one penny in the pound for the whole of such area.