Sri Lanka Consolidated Acts

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Ceylon Petroleum Corporation (Determination of Compensation) Special Provisions Act (No. 22 of 1968) - Sect 12

Power of the Chairman of the Board of Directors to pay advances on account of compensation

12.
(1) The Chairman of the Board of Directors may before the determination of a claim, for compensation, under this Act pay to a person whom he considers entitled to such compensation an advance, and any sum so paid shall be deducted from the amount of the compensation, awarded to him under section 6.
(2) Where any sum had been paid prior to the date of commencement of this Act to any person as an advance on. account of compensation to be paid to such person under the Ceylon Petroleum Corporation Act in respect of any land vested In or requisitioned for the Corporation, such payment shall be deemed to have been paid under sub-section (1) and accordingly such, sum shall be deducted from the amount of the compensation awarded to such person under section 6 of this Act.


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