§ In assessing compensation, an official valuer shall act in accordance with the following rules:
- (1) No allowance shall be made on account of the acquisition being compulsory:
- (2) The value of land shall, subject as herein after provided, be taken to be the amount which the land if sold in the open market by a willing seller might be expected to realise: Provided always that regard shall be had to all returns and assessments for taxation made or acquiesced in by the claimant during the three years next pre ceding the assessment of compensation:
- (3) The special suitability or adaptability of the land for any purpose shall not be taken into account if that purpose is, a purpose to which it could be applied only in pursuance of statutory powers, or for which there is no market apart from the special needs of a particular purchaser or the requirements of any Government Department or any local or public authority:
§ Lords Amendments:
§ Leave out the word "valuer"["In assessing compensation, an offical valuer"], and insert instead thereof the word "arbitrator." —Agreed to.
§ In Sub-section (2), leave out the words "regard shall be had to," and insert instead thereof the words "the arbitrator shall be entitled to consided—Agreed to.
§ After the word "assessments" insert the words "of capital value." —Agreed to.
§ Leave out the words "during the three years next preceding the assessment of compensation."—Agreed to.
§ At the end of Sub-section (3) insert the words "Provided that any bonâ fide offer for the purchase of the land made before the passing of this Act which may be brought to the notice of the arbitrator shall be taken into consideration."— Agreed to.
Insert the following new Sub-section:
(6) The provisions of rule (2) shall not affect the assssment of compensation for disturbance or any other matter not directly based on the value of land.
§ —Agreed to.