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Inclusion of valuations in revised valuation lists.
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10.—(1) The valuation of every railway hereditament in Saorstát Eireann for the purposes of a quinquennial revision shall be included in the revised valuation lists to be issued pursuant to the Valuation Acts on the 1st day of March next following such valuation and such valuation as so included shall, subject to an alteration (if any) made therein to give effect to a decision upon any appeal and an alteration (if any) made therein by the Commissioner under the provisions of this Act relating to the alteration of the net annual value of a railway hereditament other than at a quinquennial revision, be the net annual value of such railway hereditament for a period (in this Act referred to as a quinquennial period) of five years from the said 1st day of March.
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(2) For the purposes of the inclusion of the valuation of a railway hereditament in a revised valuation list, the following provisions shall have effect, that is to say:—
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(a) in case such valuation is less than £10 and includes a fraction of a pound, such fraction—
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(i) if less than 2s. 6d. may be disregarded, or
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(ii) if 2s. 6d. or more and less than 7s. 6d. may be treated as 5s., or
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(iii) if 7s. 6d. or more and less than 12s. 6d. may be treated as 10s., or
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(iv) if 12s. 6d. or more and less than 17s. 6d. may be treated as 15s., or
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(v) if 17s. 6d. or more, may be treated as £1;
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(b) in case such valuation exceeds £10 and is less than £25 and includes a fraction of a pound, then such fraction—
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(i) if less than 5s. may be disregarded, or
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(ii) if 5s. and less than 15s. may be treated as 10s., or
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(iii) if 15s. or more may be treated as £1;
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(c) if such valuation exceeds £25 and includes a fraction of a pound then such fraction—
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(i) if less than 10s. may be disregarded, or
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(ii) if 10s. or more, may be treated as £1.
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