Paragraph 1
A payment of an amount calculated in accordance with sub-paragraph (2) of this paragraph shall be made by the Commission in respect of—
the assessed amount of the claim, if that amount does not exceed £40,000, or the first £40,000 of the assessed amount of the claim, if that amount exceeds £40,000; and
the sum (if any) by which the assessed amount of the claim exceeds £40,000 but does not exceed £160,000, if the Commission is satisfied that the beneficial interest in the claim is such that an individual over 65 years of age has, or two or more such individuals together have, a vested interest in possession (whether as to income or capital) in not less than half thereof.
Payments under the provisions of sub-paragraph (1) of this paragraph shall be made at a uniform rate. The uniform rate of payment shall be the highest rate which the Commission deems appropriate without exceeding in respect of any claim the amount which, in the estimation of the Commission, will be payable under Article 4 of the Order.