Nelson Pillar Act, 1969

Compensation.

2.—(1) The Corporation shall pay to the trustees the following sums by way of compensation:

(a) the sum of £21,750 for the damage caused to the Pillar on the 8th day of March, 1966, and the subsequent removal of the Pillar,

(b) the sum specified in the next subsection for the loss of income sustained by the trustees during the relevant period on account of the said damage and removal, and

(c) the sum equal to the amount of all costs as between solicitor and client occasioned to the trustees by the destruction of the Pillar and by the proceedings, compromises and events consequent thereon.

(2) The sum referred to in paragraph (b) of the foregoing subsection is such sum as bears to £1,500 the same proportion as the number of days in the relevant period bears to 365.

(3) The trustees shall apply the sums paid to them under this section to such purposes, being purposes to which income from the admission charges to the Pillar was applied, as they consider suitable.