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General provisions as to purchase of lands by Commissioners.
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3. (1.) All lands taken or acquired by the Commissioners under the authority of this Act shall be held by the Commissioners in trust for Her Majesty, Her heirs and successors, for the purposes of the Act of 1877.
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(2.) The Commissioners may from time to time, sell, exchange, or lease all or any of the lands taken or acquired by them under the authority of this Act, which may not be required for the purposes of the Act of 1877.
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(3.) Any purchase, sale, exchange, or lease of land, in pursuance of this Act, shall not be made or granted, except with the consent of the Commissioners of Her Majesty’s Treasury, but it shall not be necessary for the person who sells or purchases any such land, or takes the same in exchange or on lease, to ascertain that the consent of the Commissioners of Her Majesty’s Treasury has been given to such sale, purchase, exchange, or lease.
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(4.) All moneys paid to the Commissioners in respect of any materials, or lands sold by them under the authority of this Act, shall be paid into the Exchequer, and all expenses of the Commissioners under this Act shall be defrayed out of moneys provided by Parliament.
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