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The Town and Country Planning (Compensation for Restrictions on Mineral Workings) (Scotland) Regulations 1987
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Regulation 6(2)
SCHEDULE 2
1. The multiplier is the years' purchase, which shall be appropriate to the estimated life of a relevant mineral being won and worked at the site as at the date when the order took effect, and which, if the site were sold in the open market on that date, a willing vendor and a willing purchaser might be expected to agree.
2. For the purposes of paragraph 1 above the estimated life shall be calculated by dividing–
(a)the quantity of the relevant mineral remaining unworked in the site at that date, being the amount which, if the site were sold in the open market, a willing vendor and a willing purchaser might be expected to agree as being economically workable and saleable mineral reserves; by
(b)the anticipated average annual sales at that date of that unworked mineral, being the identical figure arrived at as under paragraph (b) of Schedule 1.
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