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Superior interests not exceeding certain amounts.
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63.—(1) Where any superior interest or an apportioned part thereof is redeemed under the Land Purchase Acts and the redemption price does not exceed thirty pounds, it may be paid to the person in possession or in receipt of the income of the superior interest for his own benefit or, in case of the incapacity of such person, to the guardian, committee, husband or trustees, as the case may be, of such person.
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(2) If the redemption price exceeds thirty pounds but does not exceed one hundred pounds, it may be paid to the person in possession or in receipt of the income of the superior interest or to trustees to be appointed or approved by the Land Commission or the Land Judge, as the case may be, upon the undertaking in the prescribed manner of such person or of such trustees to apply the redemption price as if it were capital money arising under the Settled Land Acts, 1882 to 1890.
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