220. Recipients of depreciation payments.

A depreciation payment1 must be made to the person who is for the time being the owner2 of the property in question, except in the following circumstances3. If any other person is liable to make good the whole of the damage to which the payment relates, the payment must be made to him4. If any other person is liable to make good any part of that damage, such part of the amount of the payment must be paid to him as bears to the whole of that amount the same proportion as the scheduled cost of works5 for which