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(1)The provisions of the ten next following sections shall have effect with respect to the rights of the tenant of an agricultural holding with respect to compensation for an improvement specified in the Second Schedule to this Act carried out on the holding, being an improvement begun before the thirty-first day of July, nineteen hundred and thirty-one (in this Act referred to as "a 1923 Act improvement"), or for an improvement specified in the Third Schedule to this Act so carried out, being an improvement begun on or after that date and before the first day of November, nineteen hundred and forty-eight (in this Act referred to as "a 1931 Act improvement ").
(2)An improvement being a 1923 Act improvement or a 1931 Act improvement is in this Act referred to as " an old improvement ".
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