4. Section 16 of the principal enactment is hereby amended in subsection (2) of that section, by the substitution, for the words "increased by a reasonable amount on account of improvements, if any, effected to such land, after that date. ", of the-following : " increased by fifty per centum of the difference between that market value and
| (a) in the case of any land or interest therein, in respect of which no Order under the proviso to section 38 of the Land Acquisition Act has been made, the market value of the land or interest therein on the date of publication in the Gazette of the notice under section 7 of that Act; or |
|
| (b) in the case of any land or interest therein, in respect of which an Order under the proviso to- section 38 of the Land Acquisition Act has been made, the market value of the land or interest therein on the date of publication of such Order.". |
|
|
Sri Lanka Consolidated Acts