Amendment status not verified — confirm the current text below against the official source.
(1) The compensation or the amount of encumbrance, as the case may be, shall be paid either in cash or in negotiable bonds redeemable *[after the expiry of sixteen years from the date of issue of such bonds] and carrying interest at the rate of 4 ½ per cent per annum with effect from the date on which the ownership or possession or both of the land has or have vested in the Government under section 96 or section 7, or partly in cash and partly in such bonds, in such manner as may be prescribed. (2) The provisions of sub-sections (7), (8) and (9) of section 71 shall, as far as may be, apply in regard to the payment of compensation and other amounts under this section. Payment of compensation to be full discharge