Amendment status not verified — confirm the current text below against the official source.
In the Boroughs Act,- ( a ) in section 3, after clause ( 17 ), the following clause shall be inserted, and shall be deemed always to have been inserted, namely:- "( 17A ) rate on buildings or lands includes any tax imposed on buildings or lands;"; (b) in section 75, for the Explanation at the end, the following Explanation shall be substituted, and shall be deemed always to have been substituted, namely :- "Explanation. - For the purposes of a rate on buildings or lands, the basis of valuation may be- ( i ) the annual letting value; ( ii ) the annual value; ( iii ) the floor area, in the case of Mills, Factories and buildings and lands connected therewith; ( iv ) the capital value, in the case of vacant lands."