This regulation establishes the statutory rate of interest payable on compensation for land acquired by public authorities following entry onto the land. The text is a formal legal instrument issued by the British government to provide clarity on financial obligations during compulsory purchase proceedings. It serves to standardize the interest calculations applied to outstanding compensation amounts, ensuring consistency across administrative land acquisition processes.

Legal professionals and property surveyors utilize this document as a reference for calculating statutory interest liabilities in historical land acquisition cases. Experts note that while the regulation is highly specific and technical, it remains a foundational component for understanding the financial mechanics of compulsory purchase law in the United Kingdom.