72 Rights to compensation.S
(1)Subject to the provisions of this section, the previous owner of any property disposed of for value under section 68 of this Act shall be entitled to compensation.
(2)A claim for compensation under subsection (1) above in respect of any property may be made within a period of one year after the date of its disposal under section 68 of this Act in such manner as the chief constable may direct.
(3)The amount of compensation payable under subsection (1) above shall be the net proceeds of the sale of the property, but no compensation shall be payable where the net proceeds of the sale of the property are less than £100 or such other amount as the Secretary of State may, by order made by statutory instrument, specify, and any such statutory instrument shall be subject to annulment in pursuance of a resolution of either House of Parliament.
(4)In this section, “net proceeds of sale” means the sum received for any property on its disposal for value under section 68 of this Act after deduction of—
(a)any expenses incurred in connection with the disposal of the property;
(b)any amount paid as a reward by the chief constable under section 70 of this Act; and
(c)such reasonable charges (including any reasonable expenses incurred by him or on his behalf) as the chief constable may determine.