474. Calculation of annual compensation.

The compensation payable for any year1 in respect of a holding to which the Opencast Coal Act 19582 applies is a sum equal to the annual borrowing cost for that year of the market value3 of the rights conferred by the compulsory rights order4 in relation to the holding5.

In calculating for these purposes6 the fair market price7 for the grant of any rights, due allowance is to be made for any entitlement to compensation which may arise8, under any of the provisions of the Act