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When compensation to be secured by rentcharge.
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14. Subject to the foregoing provision, and unless the parties otherwise agree, such compensation shall, in the following cases, viz,:
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(b.) Where the land can, in the opinion of the Commissioners, be sufficiently identified, and the compensation to the lord amounts to more than one year’s improved annual value of the land enfranchised,
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consist of an annual rentcharge commencing in every case from the date of the notice to enfranchise, and issuing out of the land enfranchised, equivalent to interest at the rate of four pounds per centum per annum upon the amount of compensation ascertained as aforesaid.
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