8.
| (1) Section 31 of principal enactment is hereby amended by the addition at the end of that section of the following new subsection :-
| | (3) The compensation payable in respect of any agricultural land vested in the Commission, being agricultural land which was, on the day immediately preceding the day it was vested in the Commission subject to a lease with an unimpaired period at least fifteen years, shall, notwithstanding anything in the preceding provisions of this Law, be apportioned between the lessor and the lease under such lease, in the ratio of forty per centum to sixty per centum : | | |
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| (2) The amendment made to the principal enactment by subsection (1) shall be deemed for all purposes to have come into operation on the date of commencement of the principal enactment and any award of compensation made in respect of any such agricultural land as is referred to in section 31 (3) of the principal enactment as inserted by subsection (1) of this section in accordance with the provisions of that subsection as so inserted, shall be deemed to have been and to be, validly made. |
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Sri Lanka Consolidated Acts