HC Deb 07 April 1971 vol 815 c124W
50. Mr. Doig

asked the Secretary of State for Scotland if he is aware that a time lapse of many years is common between the serving of a compulsory purchase order and the payment of compensation and that only simple interest is paid on this; and if he will seek powers to enable local authorities to pay compound interest in future.

Mr. Younger

My right hon. Friend does not propose to seek such powers. Most of the agreed portion of the compensation may be paid at or soon after entry, and interest on any outstanding balance is payable at current market rates.