Land Bond Act, 1925
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Payments by the Land Commission in certain cases. |
6.—(1) Interest at the rate of four and one-half per cent. per annum and sinking fund at the rate of one-quarter of one per cent. per annum shall be paid by the Land Commission to the Land Bond Fund on all sums advanced or paid by the issue of land bonds under the Principal Act and not certified by the Minister for Finance to have been repaid. | |
(2) Sub-sections (5) and (6) of section 11 of the Principal Act shall apply to the payments to be made by the Land Commission under this section in like manner as they apply to the annual and other payments to be made by the Land Commission under that section. | ||
(3) Sub-sections (1), (2), and (3) of section 11 of the Principal Act are hereby repealed. |