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"When the improvement ...... has caused an increase in the value of the annual net produce of the holding, the Court shall determine, as nearly as may be, the average net money value of such increase and the number of years during which such increase may reasonably be expeced to continue, and shall then ascertain the present value, at 6 per cent of an annuity equal to such money value for such number of years -...,......."

For giving effect to this, a learned Commentator, Kozhikot Madhavan Nair, has furnished a table ill his work on the Malabar District Compensation for Improvements, but the present value is calculated at 6 per cent interest for different periods of time, ranging from one year to 50 years. But in Park on Principles and Practice of Valuations, more comprehensive tables are furnished, which give the present value of Re. 1 per annum for various years at different rates of interest, and it is easy to ascertain, the present value in a given case. Under Act 10 of 1956 and Act 29 of 1958, referred to above, though there is no specific provision for ascertaining the present value as in Madras Act 1 of 1900, Section 7 in each of the enactments, Explanation 2 provides, that:-

"In determining the net value of the increase, regard shall also be had to the condition of the improvement and probable duration of its effect .. .............."

In the absence of any other method. we think, that if regard is to be had "to the condition of the improvement and probable duration of its effects."

the approach must be to the principle of present worth. We have referred to these enactments, not as having any binding effect on the decision of these cases, but only as indicating, that the principle which we propose to lay down, is nothing strange or novel', though no doubt, it may not be familiar to those who are now engaged in the task of valuation, and a table as in Park's book or in any other book giving it, would be helpful. Aggarwala in his commentaries on Compulsory Acquisition of Land, 1950 Edition at page 259, has worked out an example as follows:-