Paragraph 19 I1

in subsection (2)(b), for “existing use value” there is substituted “ Schedule 3 value ”; and

in subsection (6), for the definition of “existing use value” there is substituted—

““Schedule 3 value”, in relation to such an interest, means the value of that interest calculated on the assumption that planning permission would be granted—

(a)

subject to the condition in Schedule 10, for any development of a class specified in paragraph 1 of Schedule 3; and

(b)

for any development of a class specified in paragraph 2 of Schedule 3.”