Section 24. Such compensation may, at the option of the landlord or his representative, be made

(1) 24. Such compensation may, at the option of the landlord or his representative, be made— (1).—By payment in money; (2).—By the grant of a beneficial lease of the land by the landlord or his representative to the tenant or his representative; or (3).—Partly by payment in money and partly by the grant of such lease as aforesaid.