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Compensation.
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3.—(1) Where this Act has the effect of curtailing or terminating a legal right of any person (including, in particular, a right of navigation, whether or not conferred by statute), such person may, within twelve months after the passing of this Act, make to the Commissioners a claim for compensation in respect of such curtailment or termination and he shall be entitled to be paid compensation therefor by the Commissioners and, in default of being paid such compensation when the amount thereof has been agreed upon or has been determined under this section, to recover it from the Commissioners in any court of competent jurisdiction.
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(2) In default of agreement, the amount of any compensation payable by the Commissioners under this section shall be determined by arbitration under the Acquisition of Land (Assessment of Compensation) Act, 1919 (as amended by subsequent enactments) as if the compensation were the price of land compulsorily acquired and the arbitrator shall have jurisdiction to determine whether compensation is, in the circumstances, payable at all.
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