The British Gas plc (Rateable Values) Order 1994

means the company registered at the date of this Order with the name British Gas plc;

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

means non-domestic hereditaments occupied (or, if unoccupied, owned) by British Gas and required by virtue of regulation 6(1) of, and Part 3 of the Schedule to, the Central Rating Lists Regulations 1994 to be shown in a central rating list;

means any pipe-line occupied (or, if unoccupied, owned) by British Gas and having a design operating pressure exceeding 7 bars;

means the year preceding a relevant year;

means a 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 the Local Government Finance Act 1988;

means the formula T + U where — (a) T in respect of English gas hereditaments is £483,887,500 and in respect of Welsh gas hereditaments is £29,373,300;

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

means a chargeable financial year.