Crown Lands Act, 1866

Compensation to Crown to be determined by Arbitration.

14. The Amount of the Compensation to be paid to the Land Revenue, of the Crown for the Transfer effected by this Act of the Rights and Interests of the Crown in the Foreshore shall be determined by Two Arbitrators appointed, one by the Commissioners of the Treasury, and the other by the Commissioners of Woods, or, in case of the Disagreement of the Arbitrators, by an Umpire appointed by the Lord Chancellor of Great Britain before the Arbitrators enter on the Reference.