Shannon Fisheries Act, 1938
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Compensation in respect of transferred fisheries and fishing rights. |
6.—(1) Every person who owns or has an estate or interest in a transferred fishery or fishing right immediately before the appointed day and applies to the Board within six years after the appointed day for such compensation as is hereinafter mentioned shall be entitled to be paid by the Board compensation in respect of the transfer to the Board of such fishery or fishing right. | |
(2) The following provisions shall apply and have effect in relation to the compensation to be paid under this section by the Board to any person, that is to say:— | ||
(a) such compensation shall be calculated by reference to the value on the day before the appointed day of the fishery or fishing right in respect of which, or in respect of an estate or interest in which, such compensation is payable; | ||
(b) sub-sections (1) and (4) of section 14 of the Principal Act shall apply and have effect in relation to such compensation as if it were compensation payable under that Act; | ||
(c) such compensation shall be assessed and paid as soon as reasonably may be after the claim for such compensation has been received by the Board. | ||
(3) No compensation shall be payable in respect of the transfer by this Act of a fishery or a fishing right to the Board unless application for such compensation is made to the Board within six years after the appointed day. |