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Where, by the making of any town planning scheme, any property
is increased in value, the responsible authority, if they make a claim
for the purpose within the time (if any) limited by the scheme, shall be
entitled to recover from any person whose property is so increased in
value, one-half of the amount of that increase.
Any question as to whether any property is injuriously affected or
increased in value within the meaning of this section, shall be determined
by the arbitration of a single arbitrator appointed by the Local Government
Board, unless the parties agree on some other method of
determination.
There is exclusion or limitation of compensation in certain cases;
and powers of compulsory purchase by local authorities, of land
comprised in a scheme.
In case of default of local authority to make or execute town
planning scheme, the L.G.B. may by Order compel action.
For the purposes of this Part of this Act, the expression "local
authority" means the Council of any Borough or Urban or Rural
District: and any expenses incurred under this Part of the Act, shall
be defrayed as expenses under the Public Health Acts; and the
authority may borrow. In London, the London County Council shall
be the local authority.
The County Council may promote the formation or extension of,
and may assist, societies on a co-operative basis, having for their object
(or one of their objects) the erection or improvement of dwellings for
the working classes.
The County Council, with the consent of and subject to the
regulations made by the Local Government Board, may, for the purpose
of assisting a society, make grants or advances to the society, or
guarantee advances made to the society; but any such advance made
on the security of any property shall not exceed two-thirds of the value
of the property.