TNAG-0508-FCO40-573-Construction-of-underground-railway-system-in-Hong-Kong-1974 — Page 66

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49

"open market value" means the amount which the land if

sold in the open market by a willing seller might

reasonably be expected to realize.

No compensation

for land

more than

10 metres

under

surface.

3. No compensation shall be assessed for any part

of land which lies more than 10 metres beneath the

surface where only that part is

(a) resumed under section 4; or

(b)

to be used to accommodate an easement created

under section 6.

No account of increase or decrease in value attributable to the railway.

4. In the assessment of compensation no account

shall be taken of any increase or decrease in the value

of land to which, or to the building works on which,

the compensation relates which is attributable to --

(a) the delineation thereof under section 3 as

part of the railway area; or

(b)

the construction or operation of the railway,

including any damage for which compensation

would have been payable but for the operation of section 21(2).

Temporary closure or alteration of a street.

G.F. 323

5.

No compensation shall be payable under item 4 of Part I of this Schedule in respect of pecuniary loss

or damage caused by the temporary closure or temporary

substantial alteration of a street authorized under

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