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PURCHASE OF LAND (IRELAND) (NO. 2) ACT 1901
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CHAPTER 30.
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An Act to extend the Purchase of Land (Ireland) Amendment Act, 1889. [17th August 1901.]
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BE it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:
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Extension of 52 & 53 Vict. c. 13.
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1. The Purchase of Land (Ireland) Amendment Act, 1889, as amended by any enactment, shall, subject to the provisions of this Act, apply with the necessary modifications in the case of a tenant desirous of purchasing land, notwithstanding that the sale of his holding is not about to be made under the Land Purchase Acts.
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Provision where tenant is a tenant purchaser under the Purchase Acts.
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2.—(1.) Where a tenant to whom an advance is made in pursuance of this Act is the proprietor of a holding charged with an annuity under the Land Purchase Acts, an account shall be taken of the amount outstanding in respect of the original advance, and the original holding and any additional parcel of land purchased under this Act shall be deemed one holding and shall be charged with a new annuity for the repayment of such outstanding amount together with the amount of the advance made in respect of such additional parcel and shall be discharged from the annuity payable in respect of the original advance.
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(2.) An annuity payable in pursuance of this section shall continue for such term of years as the Land Commission, on the application of the purchaser, may determine.
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Short title.
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3. This Act may be cited as the Purchase of Land (Ireland) (No. 2) Act, 1901.
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