SCHEDULES

SCHEDULE 15 Adjustment of Claim Holdings

PART II Adjustment by Reference to Payments in Respect of War-Damaged Land
6 (1) The provisions of this Part of this Schedule shall have effect where a payment under the scheme has become, or becomes payable in respect of an interest in land, and a claim holding related (or would, apart from this Part of this Schedule, have related) to the like interest in the whole or part of that land, with or without any other land.
(2) In this Part of this Schedule " the scheme " means the scheme made under section 59 of the Act of 1947, " the date of the scheme" means 12th December 1949, and "payment under the scheme " means a payment which has become, or becomes, payable by virtue of the scheme.
(3) In relation to any payment under the scheme " the payment area ", in this Part of this Schedule, means the land in respect of which the payment became or becomes payable, and references to the amount of the payment shall be construed as references to the principal amount thereof, excluding any interest payable thereon in accordance with section 65(3) of the Act of 1947.