3.—(1) Where—
(a)there are either no sale price data, or inadequate sale price data in accordance with paragraph 3(1) of the Schedule to the principal Order, and the Secretary of State decides to pay compensation at the level of the market value as permitted under paragraph 3(2)(b) of that Schedule, or
(b)the animal in question is a bison or a buffalo,
the market value is to be ascertained by means of a valuation carried out in accordance with this article.
(2) A valuation shall be carried out—
(a)by a single valuer appointed jointly by the Secretary of State and the keeper of the animal; or
(b)failing such joint appointment, by a single valuer appointed by the Secretary of State.
(3) The appointed valuer shall issue a certificate in writing of the market value of the animal to the Secretary of State and the keeper of the animal.
(4) Where paragraph 4 (compensation payable following delays in testing for tuberculosis) of the Schedule to the principal Order applies, then following receipt of the valuer’s certificate the Secretary of State must, subject to paragraph 5 of that Schedule, reduce the compensation payable to the keeper of the animal in accordance with that paragraph 4.