3. The following new section is hereby inserted immediately after section 48, and shall have effect as section 48A, of the principal enactment: -
| 48A. In determining compensation payable in respect of any land vested in, or requisitioned for, the Corporation,-
| | (i) where any building had been constructed on, or any other improvements had been effected to, such land., on any date prior to the date on which such land was so vested or requisitioned, by any foreign-owned petroleum company, no account shall be taken of such building or improvements in the computation of the market value of such land under section 47 or in the " rent payable under section 48, as the ease may be, and | | |
| | (ii) any sum which had been paid in advance to the owner of such land as rent for any period after the date on which such land was so vested, or requisitioned, as the case may be, shall he deducted from the amount of the compensation.". | | |
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Sri Lanka Consolidated Acts