S.L. 372.18 Art. 9Power of the Commissioner to determine the P.T. benchmark in the case of mergers and divisions of companies.

(1) Where it appears to the Commissioner that as a result of a merger of companies or a division of a company the total of the

P.T. benchmarks for one or more basis periods of the companies involved in the merger or the division computed in accordance with the other provisions of these rules is or will be less than the amount that would result if such merger or division did or does not take place he may by order in writing determine the P.T. benchmark for any or all of the said companies for the basis period or periods in question in amounts which in his opinion compensate for the said shortfall.

(2) Notwithstanding anything contained in these rules, but without prejudice to the provisions of rule 10, the P.T. benchmark determined in accordance with sub-rule (1) shall apply during the basis period or periods in question as from the date of the service of that order on the respective company.