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Adjustment of rent in certain cases.
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7.—(1) Whenever a small dwelling is on the 1st day of April, 1929, held (whether together with or without other premises) under a lease which binds or purports to bind the lessor to pay or allow a deduction or set off against or indemnify the lessee against or otherwise to relieve the lessee from the rates payable in respect of such dwelling, all rent payable under such lease in respect of a period commencing on or after the 1st day of April, 1929, shall be reduced—
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(a) in the case of an annual rent by an amount equal to the amount of the rates in respect of such small dwelling for the local financial year commencing on the 1st day of April, 1928, to which the relief afforded or purported to be afforded to the lessee by such lease extended or purported to extend, and
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(b) in the case of any rent other than an annual rent, by an amount which bears to the rates in respect of such small dwelling for the local financial year commencing on the 1st day of April, 1928, to which the relief afforded or purported to be afforded to the lessee by such lease extended or purported to extend the same proportion as the period by reference to which such rent is calculated bears to one year.
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