
1 
This Order may be cited as the London Regional Transport (Levy) Order 1987 and shall come into force on the day after it is made.
2 
In this Order—
 “the 1984 Act” means the London Regional Transport Act 1984;
 “the year 1987/8” means the period of twelve months beginning with 1st April 1987;
 “the estimated grant” means the Secretary of State’s estimated expenditure in the year 1987/8 on grants to London Regional Transport under section 12 of the 1984 Act;
 “the ratepayer proportion” means the proportion of the estimated grants which it appears to the Secretary of State appropriate to recover from the ratepayers of Greater London;
 “the estimated penny rate product of a rating area” means, in relation to the rating areas listed in the left hand column of the Schedule (which are the rating areas comprised in Greater London) an estimate of the amount, calculated as provided in section 12(4) of the General Rate Act 1967, which would be produced by a rate of a penny in the pound levied in the rating area in question and each such estimate (which has been transmitted to the Secretary of State pursuant to section 12(4) of that Act) is shown in the right hand column of the Schedule opposite the rating area to which it relates; and
 “the estimated penny rate product of Greater London” means the total of the estimated penny rate products of the rating areas comprised in Greater London (shown at the bottom of the right hand column of the Schedule).
3 
The amount in the pound for the purpose of section 13(4) of the 1984 Act in respect of the year 1987/8 shall be 7·77 pence.
4 
The factors taken into account in determining the amount in the pound specified in article 3 are as follows—
(1) the estimated grant which is £239 million;
(2) the ratepayer proportion which is 65·63%; and
(3) the estimated penny rate product of Greater London which is £20,186,201.
5 
The method of calculation employed in determining the amount in the pound specified in article 3 is as follows—
(1) the unrounded amount in the pound is obtained by the formulatheestimatedgrant×the ratepayer proportionthe estimated penny rate product of Greater Londonand accordingly the calculation is—£239,000,000×0·6563£20,186,201=7·7704417pence;
(2) the unrounded amount in the pound is rounded to two places of decimals to give 7·77 pence.
John Moore
Secretary of State for Transport
3rd February 1987
SCHEDULE
Article 2


Rating Area Estimated penny rate product of the rating area (£)
Barking & Dagenham 262,000
Barnet 612,500
Bexley 319,000
Brent 494,000
Bromley 518,000
Camden 1,147,000
City of London 2,660,000
City of Westiminster 3,275,000
Croydon 697,000
Ealing 575,000
Enfield 487,500
Greenwich 320,000
Hackney 360,000
Hammersmith & Fulham 361,200
Haringey 354,000
Harrow 349,000
Havering 375,500
Hillingdon 601,800
Hounslow 495,000
Inner Temple 4,250
Islington 522,000
Kensington & Chelsea 705,000
Kingston upon Thames 291,000
Lambeth 588,000
Lewisham 343,000
Merton 306,000
Middle Temple 2,651
Newham 336,300
Redbridge 363,000
Richmond upon Thames 329,000
Southwark 584,000
Sutton 295,000
Tower Hamlets 510,000
Waltham Forest 308,500
Wandsworth 435,000
Total (estimated penny rate product of Greater London) 20,186,201