Amendment status not verified — confirm the current text below against the official source.
(1) Whenever any fishery and lands are acquired Compen- under section 6 there shall be paid in the manner prescribed all140/1: to every person interested, compensation, the amount of which shall be determined by the Collector in the manner and in accordance with the principles hereinafter set out: Provided that where any such fishery or land is resettled under section 11 with any person, the compensation, if any, payable for it to such person shall he set off against the consideration which may be otherwise payable by such person for such resettlement. (2) Compensation payable under sub-section (1) shall be determined by the Collector according to the following principles:— — (a) for agricultural or other lands— (i) for the first five hundred rupees of .. ten times such income; the net average annual income (ii) for the next five hundred rupees of .. eight times such income; the net average annual income (iii) for the next five hundred rupees of .. four times such income; the not average annual income (iv) for the balance of the net average .. two times such moomo; annual income Apportion- ment of cotiopn. rae sa Award. The West Bengal Agricultural Labs and Fisheries (Acquisition and Resettlement) Act; 1958. [West Ben. Act (Sections 8-11.) (h) for a fishery— (i) for the first five ' thousand rupees of three times such income; the net average annual income (Si) for the balance. of the net average . two times such income. annual income Explanation.—Net average annual income shall mean— (a) in the case of agricultural land,. one-third of the average value of the produce derived or deriv- able from such land during a period of five years immediately preceding the date of vesting; (b) in the case of other land, the average income, less two per cent. of such income, derived or deriv- able therefrom during a period of five years immediately preceding the date of vesting; and (c) in the case-of a fishery, one-third of the average income from the fishery during a period of five years immediately preceding the date of vesting.