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.N.I.
2. The Department may by order—N.I.
(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.