Section 5 Basis of claims and rates of compensation under this Scheme
A person may claim compensation under this Scheme in respect of either–
loss of profits in the 7 years immediately following the date on which he ceases to produce milk for sale or for processing into milk products for sale by reference to the amount of milk quota he surrenders; or
the value of the amount of the milk quota he surrenders.
Payments made by the Secretary of State under this Scheme shall be calculated
in a case falling within subparagraph (1)(a), at the rate of 3.927 pence per litre of milk on a quantity equal to the amount of milk quota surrendered for each of the 7 years immediately following the date on which the applicant ceases to produce milk for sale or for processing into milk products for sale, in relation to the amount of quota surrendered; and
in a case falling within subparagraph (1)(b), at the rate of 27.489 pence per litre on that quantity, payable in 7 equal annual instalments.