§ `Subjection (4) of section 167 of the Town and Country Planning (Scotland) Act 1972 (provisions as to compensation where an interest in land is subject to a heritable security) shall apply in relation to such compensation as is mentioned in section 69(6), 70(1), 81(7) or 86(2), or as may be provided for in an agreement under section 51(2), of this Act as the said subsection (4) applies to compensation to which the said section 167 applies.'.—[Mr. Allan Stewart.]
§ Brought up, and read the First Time.
§ Mr. Allan StewartI beg to move, That the clause be read a Second time.
The effect of the new clause is to provide that where compensation is payable, under those clauses of the Bill to which it refers, for adverse effects on land, the payment should be made to the mortgagee, if any, of the land, who will usually be a building society. The mortgagee must 426 then apply the sum towards reduction of the mortgage. Thus the interests of all concerned are protected and the new clause should commend itself to hon. Members.
§ Question put and agreed to.
§ Clause read a Second time, and added to the Bill.