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Provision for the Settlement of disputed Claims.
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V. The Commissioners of Her Majesty’s Woods, Forests, and Land Revenues, or either of them, may, with the Consent of Her Majesty, Her Heirs and Successors, to be signified in Writing under the Royal Sign Manual, and of the Lord High Treasurer of the Commissioners of Her Majesty’s Treasury for the Time being, to be signified by Warrant under his or their Hand or Hands, make such Arrangements as may be from Time to Time considered expedient for the Adjustment or Settlement of any doubtful or disputed Rights or Claims of the Crown in or to any Real or Personal Property or any Forestal Right, the Management or Control whereof would, if such Rights or Claims were established in favour of the Crown, be vested in or devolve upon the Commissioners of Her Majesty’s Woods, Forests, and Land Revenues, and in making any such Arrangement it shall be lawful for the same Commissioners or either of them (with such Consents as aforesaid) either to give up or relinquish the Rights or Claims of the Crown to any Portion or Portions of any such Real or Personal Property or Forestal Right, or to accept on behalf of Her Majesty any Lands, Tenements, or Hereditaments, or any Sum or Sums of Money, in lieu and satisfaction of such Rights or Claims generally; and it shall also be lawful for the Commissioners of Her Majesty’s Woods, Forests, and Land Revenues or either of them (with the like Consents) to enter into any Agreement for the Payment from Time to Time to any Person or Persons of any Rents or other Profits to be derived from, or any Purchase Monies to be received on account, of the Sale of, any such Real or Personal Property or Forestal Right as aforesaid, or any Portion thereof respectively; and any Person claiming to be entitled in possession, either for Life or for any greater Estate, and either at Law or in Equity, to the Rents and Profits or the Interest or Income or the Use and Enjoyment of any such Real or Personal Property or Forestal Right as aforesaid may enter into any Agreement with either of the Commissioners of Her Majesty’s Woods, Forests, and Land Revenues for any of the Purposes aforesaid; and when any Deed, Agreement, or Writing effecting or purporting to effect any such Arrangement as aforesaid shall have been enrolled in the Office of Land Revenue Records and Enrolments, the same shall be binding and conclusive on all Parties in anywise interested or claiming to be interested, and such Enrolment shall be sufficient Evidence of the Arrangement purported to be effected by any such Deed or Writing, being authorized by this Act, and of the Provisions of this Act having been complied with. When it shall be made to appear to the Lord High Treasurer or the Commissioners of Her Majesty’s Treasury that any Debt or Sum or Sums of Money due or claimed to be due either to the Capital or to the Income of the Hereditary Land Revenues of the Crown under the Management or Control of the Commissioners of Her Majesty’s Woods, Forests, and Land Revenues is or are irrecoverable, either in whole or in part, or that it is inexpedient to take Proceedings for the Recovery of the same or of any Part thereof, it shall be lawful for the Lord High Treasurer or the Commissioners of Her Majesty’s Treasury for the Time, being, from Time to Time, by any Order under his or their Hand or Hands, to direct that such Debt or Sum or Sums of Money shall, either in whole or in part, be released or discharged, either absolutely or subject, to such Conditions as may be thought expedient; and any such Order shall, when enrolled in the Office of Land Revenue Records and Enrolments, either by the Deposit of a Duplicate thereof or otherwise, if the same shall relate to the Hereditary Possessions and Land Revenues of the Crown in England and Wales, or if the same shall relate to the Hereditary Possessions and Land Revenues of the Crown in Ireland, when the same shall be enrolled in pursuance of the Provisions to that Effect contained in an Act passed in the Session of Parliament held in the Tenth Year of the Reign of His late Majesty King George the Fourth, Chapter Fifty, be binding and conclusive: Provided always that no Debt, Sum or Sums of Money, due to the Capital of the Land Revenue of the Crown, shall be released or discharged without the Consent of Her Majesty, Her Heirs or Successors, to be from Time to Time signified in Writing under the Royal Sign Manual: provided also, that when any Proceedings at Law or in Equity shall have been commenced by Her Majesty’s Attorney General for England or Ireland, as the Case may be, for the Purpose of establishing the Title of Her Majesty to or recovering any such Real or Personal Property or Forestal Right, or such Debt or Sum of Money, as aforesaid, or when any Petition of Right shall have, been presented to Her Majesty or Her Heirs or Successors touching or concerning any Real or Personal Property or Forestal Right of or to which Her Majesty, Her Heirs or Successors, may claim to be seised or entitled, any Arrangement for the Settlement of the Matter in difference, or any such Discharge as aforesaid, shall be subject to the Approval of the Attorney General for the Time being of England or Ireland, as the Case may be.
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