Page:Mass Transit Railway Ordinance (Cap. 556).pdf/19

MASS TRANSIT RAILWAY ORDINANCE

(3) Where the amount of compensation payable under a determination of the arbitrator is reduced under subsection (2) by the amount of any payment made under subsection (1), only the amount of the compensation as so reduced bears interest for the purpose of section 25(1).

(4) Where the amount of a payment made by the Government under subsection (1) in respect of a claim exceeds the amount of the compensation determined by the arbitrator in respect of the claim, the amount of the excess is recoverable by the Government as a civil debt.

25. Interest on compensation

(1) Subject to this section and to section 24(3), a sum of money payable as compensation under this Ordinance bears interest as from the date on which the sum becomes payable until payment of the sum, calculated at a rate equal to the rate fixed by the Hong Kong Monetary Authority and known as the base rate, less 100 basis points.

(2) At any time after agreement or determination by an arbitrator of an amount of compensation to be paid under this Ordinance, the Government may, by notice published in the Gazette, require the claimant to collect the amount within the time and at the place specified in the notice, and in such case no interest is payable under this Ordinance in respect of the period after the expiry of the time so specified.

(3) No interest is payable under this Ordinance on any costs or remuneration in connection with the arbitration proceedings. PART VI '''26. Appointment of inspectors'''

(1) The Secretary may in writing appoint any person as an inspector for the purposes of this Part.

(2) An inspector who is not a public officer may be paid, as a fee for his services, an amount determined by the Financial Secretary, and that amount shall be paid out of moneys provided for the purpose by the Legislative Council.

(3) When exercising any power, an inspector shall produce evidence of his identity, and of his appointment, to any person who requests him to do so.

(4) An inspector may take with him other persons whom he reasonably requires to assist him in the exercise of his powers.