2.—(1) Notwithstanding the provisions of article 3 of the Diseases of Animals (Ascertainment of Compensation) Order 1959(1), the market value of a bovine animal which the Welsh Ministers cause to be slaughtered must be determined—
(a)by agreement between the Welsh Ministers and the owner of the animal;
(b)by one valuer appointed jointly by the Welsh Ministers and the owner; or
(c)failing such agreement, or failing such agreement and appointment, by a valuer, named on a list maintained by the Welsh Ministers, nominated by the President of the Royal Institution of Chartered Surveyors or the President of the Central Association of Agricultural Valuers as the Welsh Ministers may decide in any particular case or class of case.
(2) A valuer appointed or nominated under sub-paragraph (1)(b) or (c) must be paid by the Welsh Ministers and must inform, in writing, the Welsh Ministers and the owner of the market value.
(3) In this paragraph a reference to a valuer is a reference to an individual and not to a company or firm or to two or more persons jointly.
(4) For the purposes of this paragraph, the market value of an animal is the price that might reasonably be expected would have been obtained for it from a purchaser in the open market at the time of valuation if the animal were not an affected animal or a suspected animal.