The Telecommunications Industry (Rateable Values) Order 1989

means the company registered at the date of this Order by the name of British Telecommunications plc;

means the point within the telecommunications network operated by British Telecom at which circuits are divided or sub-divided for distribution from a telephone exchange to individual customers or groups of customers.

means such hereditaments so required to be shown in the central rating list for England, and “Welsh telecommunications hereditaments” means such hereditaments so required to be shown in the central rating list for Wales;

means any year beginning on or after 1st April 1991 and ending no later than the end of the year in which the rateable value of Welsh telecommunications hereditaments first falls by virtue of article 9 or 10 to be determined in accordance with the standard formula;

means the company registered at the date of this Order by the name of Mercury Communications Limited;

means the year preceding a relevant year;

means any year for which a rateable value falls to be determined in accordance with this Order, and “relevant preceding year” means the year preceding a relevant year;

means non-domestic hereditaments required by virtue of Part 5 of the Schedule to the Central Rating Lists Regulations 1989 to be shown in a central rating list;

means the Local Government Finance Act 1988;

means the formula T + U, where— • T, in relation to English telecommunications hereditaments occupied by British Telecom is £249,400,000 and in relation to Welsh telecommunications hereditaments so occupied is £13,190,000, and • U is the recalculation factor determined in respect of each class of hereditaments under Part V;

means such hereditaments so required to be shown in the central rating list for Wales;

means a chargeable financial year;