000			01951cam a2200277 4500
001			ABS68013
008			040719n2004 000 0 eng u
035			_a(Sirsi) u126823
100			_aCatterall, S.
245		2	_aA bridge over troubled waters
260			_c2004
490			_aEstates Gazette _v(0427) 3 July 2004, 120-122(3)
520			_a"Waters and others v Welsh Development Agency" ([2004] UKHL 19, Abs67824) provides an indepth analysis into the state of the law regarding the payment of compensation where land is being acquired for development under a compulsory purchase order. Explains the background to the basis of valuation and the three alternative methods of valuations proposed by the claimants, these being i) as agricultural land, ii) as a nature reserve and iii) with a ransom value on the basis that the land was indispensable to the barrage scheme. The appeal was based upon the third method of valuation. Raises a number of issues including value of the land, value to the owner principle, "Point Gourde", the Land Compensation Act 1961, what is to be disregarded and ransom value. HL held that the claimants' land formed an integral part of the scheme and should be valued on this basis. The land's potential use as a nature reserve had to be taken into consideration when assessing compensation but market value should not include enhanced value attributable to the proposed use under the scheme. Discusses the implications of the ruling on future claims.
590			_aABS
590			_aABS
650			_aWATERS AND OTHERS V WELSH DEVELOPMENT AGENCY
650			_aCOMPENSATION
650			_aPOINTE GOURDE QUARRYING AND TRANSPORT CO LTD V CROWN LANDS SUPERINTENDENT
650			_aRANSOM VALUE
650			_aNATURE RESERVES
650			_aValuation _96273
650			_aENHANCED VALUE
650			_aLAND COMPENSATION ACT 1961
690			_aCOMPULSORY PURCHASE AND COMPENSATION-CASE LAW
942			_n0
999			_c117723 _d117723