HL Deb 03 July 1981 vol 422 c435

21 Clause 15, page 21, line 24, leave out from ("payable") to end of line 27 and insert— ("(2A) Any such regulations shall make provision—

  1. (a) for the modification of the basis on which any amount to be paid by way of compensation is to be assessed; or
  2. (b) for the assessment of any such amount on a basis different from that on which it would otherwise have been assessed.
(2B) Regulations by virtue of subsection (2A)(a) of this section in relation to compensation where an order is made under section 45 or 51 of this Act shall provide that the amount of the compensation under section 164 or, as the case may be, 170 of this Act, shall be reduced—
  1. (a) by the prescribed sum; or
  2. (b) by a sum equal to the prescribed percentage of the appropriate sum.
 (2C) In subsection (2B) of this section "the appropriate sum" means the product of the sum which represents the annual value of the right to win and work minerals at the site to which the order relates and a multiplier which the Secretary of State considers appropriate having regard to the period at the expiration of which the minerals in, on or under that site might be expected to be exhausted if they continued to be extracted at the rate which has been assumed for the purposes of calculating the annual value of the right to win and work them. (2D) The prescribed percentage shall not be more than 10 per cent. (2E) The annual value of the right to win and work the minerals shall be calculated in the prescribed manner.".).

Lord Bellwin

My Lords, I beg to move that the House do now agree with the Commons in their Amendment No. 21.

Moved, That this House doth agree with the Commons in the said amendment.—(Lord Bellwin.)

On Question, Motion agreed to.