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Provisions of Land Improvement Acts to apply to loans under this Act.
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4. Loans under this Act shall be repaid by the payment to Her Majesty of an annual rentcharge at the rate of five pounds for every hundred pounds advanced on account thereof, and so in proportion for any less amount, and such rentcharge shall be payable for the term of thirty-five years, and all lands on which any house or building may stand which is erected, enlarged, improved, or purchased wholly or partly by means of a loan under this Act, and any such house or building, and any other land acquired or improved wholly or partly by means of a loan under this Act, shall be charged with the payment of such loan; and, so far as is consistent with this Act, all the provisions of the Landed Property Improvement (Ireland) Acts relating to loans, and the priority, repayment, and recovery thereof and otherwise, shall apply to loans made under this Act and the priority, repayment, and recovery of such loans and otherwise in relation thereto, and the said Acts and this Act shall be read together and construed as one, save so far as this Act may be inconsistent with those Acts, or any of them.
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The Commissioners of Public Works may further, if they think fit, for the purpose of securing the repayment of a loan under this Act, take the security of at least three persons, of whose sufficiency and solvency the said Commissioners are satisfied, such security to be subject to such conditions as the said Commissioners think proper.
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