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Treasury wants independent valuer for NR shareholder compensation

The Treasury is advertising for an independent valuer to assess any compensation that may be due to Northern Rock shareholders following its nationalisation in February.

The Treasury says the valuer will be required to determine the amount of any compensation payable by the Treasury in accordance with the Compensation Scheme.

The successful applicant may also be required to reconsider and subsequently justify their decision in the event that the Treasury, or any person affected by the determination of the amount, is dissatisfied with the assessment notice.

The closing date for applications is 4th July 2008.

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