(1) This section applies if -
(a) the court varies a confiscation order under section 179 or discharges one under section 180, and
(b) 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.
(2) The court may order the payment of such compensation as it believes is just.
(3) Compensation under this section is payable -
(a) to the applicant;
(b) by the Lord Chancellor.