Water Supplies Act, 1942

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Interest on compensation.

16.—(1) Subject to the provisions of the next sub-section of this section, a sanitary authority shall pay to every person to whom compensation is payable under this Act interest on the amount (when determined) of such compensation at the rate of four pounds per cent. per annum from the date on which the taking of a supply of water under the relevant proposal begins until the date of determination of such compensation.

(2) Where—

(a) a sanitary authority makes an unconditional offer in writing of any amount as compensation to any person under this Act, and

(b) the amount which the arbitrator determines to be payable as such compensation does not exceed the amount so offered,

no interest shall be payable under this section on such compensation in respect of any period after the date of such offer.