76Interest payable on compensation—interests other than

76 Interest payable on compensation—interests other than compensation to a person under this part in respect of the acquisition of an interest, other than a mortgage interest.

(2) The person is entitled to payment by the Executive of interest on the compensation at the rate specified in, or ascertained in accordance with, the regulations from the day of the acquisition until the day on which the compensation is paid, or where payment is delayed through a default or delay of the person, until the day on which the compensation would have been paid but for the default or delay. (3) For subsection (2), if— (a) the Executive made an offer of compensation to the person; and (b) the person rejected the offer; and through a delay of the person and the day on which the compensation would have been paid but for that delay shall be taken to be the day on which the person received notice of the offer. commenced on the day of the acquisition or any succeeding period of 3 months, the interest payable to the person under subsection (2) in respect of the period has not been paid, this part has effect as if, on that day, the amount of compensation payable were increased by the amount of the unpaid interest. (5) Interest is not payable to the person on the whole or any part of the compensation otherwise than in accordance with this section.