Amendment status not verified — confirm the current text below against the official source.
(1) Whenever in pursuance of section 3 or section 7 a Requisitioning Authority requisitions or acquires as the case may be, any building material the owner thereof shall be paid such compensation as the said Authority may determine. (2) In determining the amount of compensation under sub-section (1), the Requisitioning Authority shall have regard to the control price, or if there is no control price, to the market value thereof and to cost of transport and storage actually incurred by the person interested. Act No.1 of 1894 Payment of compensation for acquisitioned land