s 2 Interpretation
(1) In this Scheme— “the additional CF units” means a number of units in the Capital Fund calculated in accordance with paragraph 3(2); “the effective date” means 5th April 2003; “the existing CF units” means the units in the Capital Fund in existence on the effective date; “the existing HYF units” means the units in the High Yield Fund in existence on the effective date; “the final HYF dividend” means the dividend to be paid on units of the High Yield Fund in accordance with paragraph 5; “the HYF asset value” means the value of the assets of the High Yield Fund on the effective date, ascertained in accordance with paragraph 3(1), less the value of the assets retained in accordance with paragraph 6(2); “the CF asset value” means the value of the assets of the Capital Fund on the effective date, ascertained in accordance with paragraph 3(1); “the multiplier” means a number calculated in accordance with paragraph 3(3); “the Principal Scheme” means the Common Investment Scheme 1991 ; “relevant liabilities” means all liabilities, costs and expenses, including liabilities, costs and expenses incurred in relation to paragraphs 3 to 6 which may lawfully be satisfied or paid out of the High Yield Fund and “liabilities” includes, without limitation, a liability to tax; “the retained assets” means the assets retained in accordance with paragraph 6(2), together with any income accruing to those assets while they are retained. (2) In this Scheme unless the content requires otherwise— (a) words and expressions shall have the same meanings as they have in the Principal Scheme; (b) a reference to a paragraph by number alone means the paragraph so numbered in this Scheme.