Section 40, The Sierra Leone Water Company Act, 2001

(1) The Company may, subject to the approval of the Board levy rates and demand charges as follows— (a) a general water rate in respect of all premises which shall be a percentage of the assessed annual value of the premises concerned as may be determined by the Company; No. 6 The Sierra Leone Water Company Act 2001 19 (b) a water supply charge in respect of premises which are supplied water by means of a service pipe; and (c) water supply charges in respect of all other facilities. (2) For the purposes of paragraph (a) of subsection ( 1), "assessed annual value" means the value of the premises assessed from time to time for the purpose of levying a local authority rate and, where premises are not so assessed such sum as may be agreed between the Company and the owner of the premises or his representative, as representing the annual value of the premises or in default of agreement, as may be determined by arbitration. [Margin: Power to exempt from payment of water rates, etc.]