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(1)Where by or under any statute (whether passed before or after the passing of this Act) land is authorised to be acquired compulsorily, any question of disputed compensation and, where any part of the land to be acquired is subject to a lease which comprises land not acquired, any question as to the apportionment of the rent payable under the lease, shall be referred to the arbitration of such one of a panel of official arbiters appointed under this section as may be selected in accordance with rules made by the Reference Committee under this section and shall be determined by such arbiter in accordance with the following provisions of this Act.
(2)Such number of persons, being persons with special knowledge in the valuation of land, as may be appointed by the Reference Committee shall form a panel of persons to act as official arbiters for the purposes of this Part of this Act.
(3)A person appointed to be a member of the panel of official arbiters shall hold office for such term certain as may be determined by the Treasury before his appointment.
(4)There shall be paid out of moneys provided by Parliament to official arbiters such salaries or remuneration as the Treasury may determine.
(5)The Reference Committee shall consist of the Lord President of the Court of Session, the Lord Justice Clerk and the Chairman of the Scottish Committee of the Royal Institution of Chartered Surveyors.
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