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34. In Schedule 2 (provisions relating to compensation)—
(a)in paragraph 2 for the word “regulations” there shall be substituted “an Order”;
(b)in paragraph 5 for the words “Regulations made by the Secretary of State by statutory instrument may” there shall be substituted “The Committee may by Order”; and the words from “or, in Scotland” to “in the regulations,” shall be omitted;
(c)paragraph 6 shall be omitted;
(d)for paragraph 7 there shall be substituted—
“7.—(1) Any dispute arising under the principal section or under this Schedule, whether as to the right to any compensation or as to the amount of any compensation, or otherwise, shall be referred to and determined by two arbitrators, one of whom shall be appointed by the Committee and the other by the person claiming the compensation save that, if an arbitrator is not appointed by the person claiming compensation, then he shall be nominated by the Committee and any arbitrator so nominated shall be deemed to be the arbitrator appointed by the person claiming the compensation.
(2) Arbitrators appointed under sub-paragraph (1) above shall, before commencing to determine any matter referred to them under this paragraph, nominate an umpire who shall determine the matter if the arbitrators disagree.
(3) The arbitrators or umpire, as the case may be, may refer to the Royal Court, sitting as the Inferior Number, any question of law or of law mixed with fact arising in connection with any matter referred to them or him in such manner and within such time as may be prescribed by rules of court.
(4) Subject to sub-paragraph (3) above, the decision of the arbitrators or of the umpire, as the case may be, shall be final.”;
(e)paragraphs 8 and 9 shall be omitted; and
(f)in paragraph 10 for the words from “charge” to “Act 1970” there shall be substituted “hypothec”.
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