SCHEDULES

SCHEDULE 12BASIS OF VALUATION

PART XICANALS

1

This Part applies to any hereditament consisting of property occupied for purposes of a canal undertaking which is of a kind specified in an order made under paragraph 2.

2

The Department may by order—

a

specify the kinds of property to which this Part is to apply; and

b

make provision for determining, by such method as may be specified in the order, the net annual value of any hereditament consisting of such property.