Part I Valuation Made in Respect of a Tenancy Terminating at Whitsunday

SCHEDULE 9 Valuation of Sheep Stock in Scotland in Respect of Old Leases

Section 70

Part I Valuation Made in Respect of a Tenancy Terminating at Whitsunday

1

The Land Court or[, by virtue of section 61(1) of this Act,] the arbiter (in Part I and Part II of this Schedule referred to as “the valuerâ€) shall ascertain the number of, and the prices realised for, the ewes and the lambs sold off the hill from the stock under valuation at the autumn sales in each of the 3 preceding years, and shall determine by inspection the number of shotts present in the stock at that time of the valuation.

2

The valuer shall calculate an average price per ewe, and an average price per lamb, for the ewes and lambs sold as aforesaid for each of the 3 preceding years. In calculating the average price for any year the valuer shall disregard such number of ewes and lambs so sold in that year, being the ewes or lambs sold at the lowest prices, as bears the same proportion to the total number of ewes or

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