This order establishes the specific rate of interest applicable to compensation payments related to opencast coal mining operations in the United Kingdom. The document serves as a formal statutory instrument issued by the British government to regulate financial obligations between the state and affected property owners or stakeholders. It provides the legal framework for calculating interest on delayed or outstanding compensation claims within the coal industry.

This document is a technical legal instrument intended for use by legal professionals, government administrators, and industry stakeholders involved in coal mining compensation. Experts note that it provides a precise, narrow regulatory function within the broader context of British administrative law.