(1)Schedule 3 to this Act (which makes provision corresponding to sections 9, 10, 11(1), 24 and 93 of the [1967 c. 1.] Land Commission Act 1967) shall have effect for the purpose of enabling any authority to whom this section applies to vest in themselves by a declaration land which they are authorised by a compulsory purchase order to acquire and with respect to the effect of such a declaration, the payment and recovery of sums in respect of compensation for the acquisition of land so vested and other matters connected therewith.
(2)This section applies to any Minister or local or other public authority authorised to acquire land by means of a compulsory purchase order, and any such authority is in the said Schedule 3 referred to as an acquiring authority.