Compensation recoverable in sixteen instalments.

The Kudiyan shall be liable to pay to Government the compensation due from him under section 15 in sixteen equal half-yearly instalments with interest at 5 per centum per annum, the first instalment commencing from such date as Government may notify provided that nothing in this section shall be deemed to preclude a Kudiyan from paying at any time a larger sum than the amount of an instalment or from paying the whole amount due in one instalment. If any sum in excess of the amount of any instalment be paid, it shall be credited in reduction of the total amount due; the number of future instalments being, if necessary reduced, but no postponement of subsequent instalment shall be permitted, nor shall the alteration in the amounts of subsequent instalments allowed except in the final instalment, if such alteration is necessary to adjust the balance due. Where a Kudiyan pays the entire amount due in a lump sum on the date on which the first instalment is payable, he shall be allowed a rebate of 5 per centum of the amount so paid.