HL Deb 05 July 1954 vol 188 c428
Clause 5, page 6, line 29, leave out from beginning to ("where") in line 41, and insert—
("(6) In ascertaining for the purposes of this section what was at any material time the value of a person's interest in premises or land held therewith, the following provisions shall apply, that is to say:—
- (a) the value of the interest at the material time shall be taken to be the amount which the interest would have realised at that time on a sale thereof in the open market by a willing seller;
- (b) account shall be taken of the value of any plant or machinery, being fixtures, which were on the premises at the said time;
- (c) in relation to the value of the interest before the event giving rise to compensation under this section in respect of that interest, it shall be assumed that the sale referred to in paragraph (a) of this subsection would have been to a purchaser having reason to suppose that an application by him to the local authority for the grant of a slaughterhouse licence in respect of the premises would be granted subject to the premises being, or being rendered, suitable for use as a slaughterhouse:
- (d) subject to paragraph (b) of this subsection, no regard shall be had to goodwill or to any other matter not directly based on the value of the premises or land as such.
My Lords, this Amendment is merely a matter of clarification, but at the same time I know that it will do the heart of the noble Viscount, Lord Alexander of Hillsborough, good. It removes a piece of legislation by reference to which the noble Viscount took exception when the Bill was passing through your Lordships' House. All the Amendment does is to make the rules of compensation clear. I beg to move that this House do agree with the Commons in their Amendment.
Moved, That this House do agree with the Commons in the said Amendment.—(Lord Carrington.)
On Question, Motion agreed to.