
1 
This Order may be cited as the London Regional Transport (Levy) Order 1988 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 1988/9” means the period of twelve months beginning with 1st April 1988;
 “the estimate grant” means the Secretary of State’s estimated expenditure in the year 1988/9 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 1988/9 shall be 6.07 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 £190 million;
(2) the ratepayer proportion which is 65.63%; and
(3) the estimated penny rate product of Greater London which is £20,530,875.
5 
The method of calculation employed in determining the amount in the pound specified in article 3 is as follows—
(1) the number of pence in the pound is obtained by the formulathe estimated grant×the ratepayer proportionthe estimated penny rate product of Greater Londonand accordingly the calculation is:£190,000,000×0.6563£20,530,875=6.073633;
(2) the unrounded figure is rounded to two places of decimals to give 6.07 pence.
Paul Channon
Secretary of State for Transport
29th January 1988
SCHEDULE
Article 2


Rating Area Estimated penny rate product of the rating area (£)
Barking & Dagenham 264,000
Barnet 616,000
Bexley 325,000
Brent 496,000
Bromley 521,000
Camden 1,151,000
City of London 2,700,000
City of Westminster 3,340,000
Croydon 712,000
Ealing 586,000
Enfield 490,000
Greenwich 320,000
Hackney 412,000
Hammersmith & Fulham 370,000
Haringey 346,000
Harrow 349,000
Havering 383,000
Hillingdon 604,900
Hounslow 505,000
Inner Temple 4,230
Islington 570,000
Kensington & Chelsea 705,000
Kingston upon Thames 291,000
Lambeth 585,600
Lewisham 338,000
Merton 310,000
Middle Temple 2,645
Newham 336,000
Redbridge 366,500
Richmond upon Thames 332,000
Southwark 598,000
Sutton 297,000
Tower Hamlets 550,000
Waltham Forest 312,000
Wandsworth 442,000
Total (estimated penny rate product of Greater London) 20,530,875