Where the Council after the coming into operation of this Act widens any street in the city, or widens any part of the length of any street, and takes or purchases or otherwise acquires land required for any such purpose from one side only of the street, then and in every such case the owner, or the several and respective owners, of land fronting upon or having any frontage to the opposite side of the street shall pay to the Corporation by way of compensation such sum or sums of money as represents the increased value given to such last-mentioned lands respectively, or likely to be given thereto, by the execution of the work of widening the said street or part of street and consequent thereon.

The several amounts to be paid to the Corporation as aforesaid shall be ascertained in manner provided by Part III of the Public Works Act, 1908, or in a manner as near thereto as in the opinion of the Compensation Court set up under this present Act and that Act the circumstances of each case will admit, and the provisions of the said Part III shall, mutatis mutandis, be deemed incorporated in this Act, but so that the Corporation shall be the claimant and the owner or the several owners of lands so benefited or likely to be benefited as in the last preceding section mentioned shall be the respondents. Claims for compensation under this Act may be made in or to the effect of the form given in the First Schedule hereto.

The said Compensation Court shall have power, on the application of any party, to order that all or any claims for compensation under this Act in respect of land in which several persons have interests shall be heard and determined together; and any or all of the claims for compensation under this Act arising out of the widening of any street or part of any street and consequent thereon may, with the consent in writing of all parties, be heard and determined together. When the said Court hears and determines several compensation claims together it shall have power to apportion the compensation awarded, and the costs of the proceedings against the several respondents, in such proportions and in such manner as to the Court seems just.

For the purpose of ascertaining and awarding compensation under this Act, the President of the Compensation Court shall have power to determine who are the owners of the lands, estates, or interests in respect of which compensation is claimed by the Corporation, or he may, if he thinks fit, state a case for the decision of the Supreme Court thereon, and such determination or decision shall be followed by the Compensation Court in making its award.

Claims for compensation under this Act shall be made within one year from the execution of the work out of which they arise, and not afterwards.

Subject as aforesaid, the finding and award of a Compensation Court set up under this Act shall be final and conclusive as to all questions lawfully coming before it.

Any respondent may, if he so desires, pay the compensation awarded to be payable by him, with interest at the rate of four and a half per centum per annum, by equal half-yearly instalments extending over a period of twenty years or less, in which case he shall within fourteen days from the date of the award give notice in writing to the Town Clerk of the Corporation of the period he intends to extend payment over, and shall within one month after the date of the award execute, and, such execution being duly attested, shall deliver to the Town Clerk a memorandum of charge upon the estate or interest forming the subject of the compensation claim made against him, which said charge shall be in the form given in the Second Schedule hereto or to the like effect, and shall pay the costs of the preparation and completion of the said instrument, and thereupon such respondent shall have the right to pay such compensation by instalments as set forth in such notice and charge as aforesaid.

Such memorandum of charge shall, when registered, bind the property therein described, and operate as a first charge upon the estate or interest of the said respondent therein, and rank in priority to all estates, incumbrances, and interests created by him or any of his predecessors in title.

Any such charge may be registered without fee in the District Land Registration Office or in the Deeds Registration Office of the district wherein the land affected thereby is situate.

Notwithstanding anything to the contrary in any such charge, the Corporation shall receive the whole of the unpaid instalments secured by any such memorandum of charge at any time when the same is tendered, and for the purpose of any such tender interest shall be calculated and paid up to and including the day of such tender.

A receipt signed by the City Treasurer indorsed on any such memorandum of charge and expressed to be in full for all moneys secured thereby shall vacate such charge.

Moneys received by the Corporation under or by virtue of this Act shall be applied in carrying out the particular street-widening work in respect of which such moneys were received, and for no other purpose.

For the purpose of widening, diverting, altering the course of, or extending any street in the city the Council shall have the following powers:—

The powers conferred by the last preceding section are to be subject to the following conditions:—

For the purpose of providing funds wherewith to meet claims to compensation or costs which may hereafter be awarded against the Council under or by virtue of section one hundred and seventeen of the Public Works Act, 1908, or section one hundred and eighty of the Municipal Corporations Act, 1908, it shall be lawful for the Council from time to time as occasion may require, by special order, and in manner provided in the Local Bodies’ Loans Act, 1908, but without the necessity of complying with the provisions contained in sections seven to thirteen of that Act, to borrow moneys to the amount of any such award or awards.

Lands in respect of which compensation is paid by the Council under or by virtue of section one hundred and seventeen of the Public Works Act, 1908, or section one hundred and eighty of the Municipal Corporations Act, 1908, shall, when brought into use for any purpose of widening the street or part of the street whereon it fronts, be deemed and taken and held to be land acquired and required for such purpose within the meaning of section three of this Act.