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By Consent a Portion of the Lands comprised in Lease, &c. may be allocated in lieu of Fee-farm Rent, or the Fee-farm Rent may be charged on Part only of such Lands.
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VI. And be it enacted, That, where the Owner required to execute such Grant as aforesaid and the Owner requiring the same shall so agree, a Part of the Lands comprised in the Lease or Under-lease by the Owner of which such Grant is required, and not comprised in any inferior Under-lease in Perpetuity, may be allocated in Fee Simple in lieu of the Fee-farm Rent which would have been made payable by such Grant or of any Portion thereof, or such Fee-farm Rent or any Portion thereof in lieu of which Land is not allocated as aforesaid may be made payable out of any sufficient Part only, to be specified in the, Grant, of the Lands comprised in such Lease or Under-lease; and the Residue of the Lands shall be discharged therefrom; and where Land is allocated as aforesaid the same shall by the same Grant be conveyed or surrendered by the Owner of the Lease or Under-lease to the Owner to whom the Fee-farm Rent in lieu of which or of a Portion of which the same is allocated would have been payable.
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