Where in consequence of the provisions of the Ninth Schedule to this Act an owner of land in respect of which an agreement for restricting its planning, development or use under Section thirty-four of the Act of 1932 has been made with any such authority as is mentioned in Subsection (2) of that Section, or has been made, or has effect as if made, under any provision of a scheme under that Act with the responsible authority for the purposes of the scheme, shows to the local planning authority in a claim made to that authority in the manner prescribed by regulations under this Act that by reason of any provision in a development plan made or amended under this Act his interest in any land is depreciated and that neither he nor any of his predecessors in title has received any consideration in respect of that agreement, the local planning authority shall pay to that person compensation (to be assessed in accordance with the Fourth Schedule to this Act) in respect of that depreciation.— [Mr. W. S. Morrison.]