This section applies if—
the court varies a confiscation order under section 179 or discharges one under section 180, and
an application is made to the Crown Court by a person who held realisable property and has suffered loss as a result of the making of the order.
The court may order the payment of such compensation as it believes is just.
Compensation under this section is payable—
to the applicant;
by the Lord Chancellor.