15. 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—E+W
(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.