Land Act, 1931
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Disposal of certain purchase annuities. |
7.—Where the Land Commission have resold or shall hereafter resell a parcel of land under the Irish Land (Provision for Sailors and Soldiers) Act, 1919 , at an enhanced price and such enhanced price is due in whole or in part to expenditure on improvements on or in respect of such land made by the Land Commission after the 1st day of April 1922 (whether before or after the passing of this Act) out of moneys provided or recouped by the British Government, so much of the purchase annuity paid into the purchase annuities fund or the land bond fund (as the case may be) in respect of such price as is attributable to such expenditure shall be paid or credited to the British Government in such manner as the Minister for Finance shall appoint by regulations made by him under this section and such regulations may prescribe the method of ascertaining the proportion of the purchase annuity attributable to such expenditure. |