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.