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3The maximum amount which the Secretary of State may pay to a person in respect of his dismissal is the amount which that person would have been awarded if he had brought a successful complaint of unfair dismissal—
(a)disregarding any question of an order for reinstatement or re-engagement;
(b)assuming, in relation to a dismissal occurring before 1st June 1976, that the provisions of the 1975 Act were in force relating to the basic award of compensation; and
(c)taking into account the actual loss sustained by him rather than such loss as might have been foreseen at the time,
together with interest from the date of the dismissal calculated at the rate from time to time in force under section 17 of the Judgments Act 1838.
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