SCHEDULE 2 Absent and Untraced Owners
1
(1)
The compensation to be paid for any land subject to compulsory purchase to be purchased by the acquiring authority—
(a)
from a person who is prevented from treating with them on account of absence from the United Kingdom, or
(b)
from a person who cannot be found after diligent inquiry has been made,
M1and the compensation to be paid for any permanent injury to any such land, shall be determined by the valuation of a surveyor selected from the members of the F1Upper Tribunal who are members or fellows of the Royal Institution of Chartered Surveyors.
F2(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)
(4)
All the expenses of and incident to the valuation shall be borne by the acquiring authority.
2
(1)
The acquiring authority may pay into court the compensation determined under this Schedule to be placed to the credit of the parties interested in the land, giving their descriptions so far as the acquiring authority is in a position to do so.
(2)
When the acquiring authority have paid into court the compensation, it shall be lawful for them to execute a deed poll containing a description of the land in respect of which the payment into court was made, and declaring the circumstances under which, and the names of the parties to whose credit, the payment into court was made.
(3)
On execution of the deed poll all the estate and interest in the land of the parties for whose use and in respect whereof the compensation was paid into court shall vest absolutely in the acquiring authority, and as against those persons the acquiring authority shall be entitled to immediate possession of the land.
3
(1)
On the application of any person claiming any part of the money paid into court, or of the land or any interest in the land in respect of which it was paid into court, the High Court may order its distribution according to the respective estates, titles or interests of the claimants, and if, before the money is distributed, it is dealt with under section 6 of the M2Administration of Justice Act 1965 payment likewise of the dividends thereof, and may make such other order as the court thinks fit.
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
4
(1)
If the person mentioned in paragraph 1(1) of this Schedule is dissatisfied with the surveyor’s valuation he may, before applying under paragraph 3 of this Schedule to the High Court for payment or investment of the compensation paid into court, by notice in writing to the acquiring authority require the submission to the F5Upper Tribunal of the question whether the compensation paid into court was sufficient, or whether any and what further sum ought to be paid over or paid into court.
(2)
(3)
If the F5Upper Tribunal F7determines that the compensation paid into court was sufficient, the costs of and incident to the proceedings before the F5Upper Tribunal shall, in accordance with F8section 29 of the Tribunals, Courts and Enforcement Act 2007, be in the discretion of that Tribunal, but if the F5Upper Tribunal F7determines that a further sum ought to be paid, all the costs of and incident to the proceedings shall be borne by the acquiring authority.