Paragraph 4

In calculating value for any of the purposes of the principal section—

(a)

rules (2) to (4) of the rules set out in section 5 of the M1Land Compensation Act 1961 apply with the necessary modifications, and

(b)

if the interest to be valued is subject to a mortgage, it is to be treated as if it were not subject to the mortgage.

Annotations

C1: Sch. 2 extended (with modifications) (Jersey) (1.1.1997) by S.I. 1996/2881, art. 2, Sch. Pts. I, II
C2: Sch. 2 extended (Jersey) (with modifications) (coming into force in accordance with art. 1(1) of the extending S.I.) by The Maritime Security (Jersey) Order 2014 (S.I. 2014/265), art. 2, Sch.