SCHEDULE 1 COMPENSATION
PART IIICompensation for TSE Susceptible Animals Slaughtered under Regulation 81 or 82
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The replacement value or market value, as the case may be, of a bovine animal which the Secretary of State causes to be slaughtered shall, for the purposes of payment of compensation under these Regulations, be determined—
a
by agreement between the Secretary of State and the owner of the animal;
b
by one valuer appointed jointly by the Secretary of State and the owner; or
c
failing such agreement or appointment, by a valuer nominated by the President of the Royal Institution of Chartered Surveyors.