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Proviso in case of annuities under five pounds, or redemption money under 100l.
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4. In the case of an annuity not payable to an ecclesiastical corporation, if the annuity does not exceed five pounds a year, or the sum payable for the redemption of the annuity does not exceed one hundred pounds, the contract need not be assented to by the Court of Chancery, and the money need not be paid to the Court of Chancery, but may be paid to the person entitled for the time being to receive the annuity, and the receipt of such person shall be a good discharge for money so paid.
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