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Regulations as to priority.
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4.—(1) Regulations may be made by the Lord Lieutenant for determining the priority in which advances, whether by means of money or of stock, or partly by means of money and partly by means of stock, may be sanctioned or made, and for allocating as between different classes of sales the amounts from time to time available for advances.
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(2) The regulations shall provide that, in determining the priority as between sales of the same class, regard shall be had, so far as is reasonably practicable, to the dates at which proceedings for the respective sales were commenced, or, in cases where proceedings are transferred from one class to another, to the dates of the respective transfers.
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