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Permanent Improvements.
Power to Treasury to direct Cost of Improvements to be charged to Capital and repaid out of Income.
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1. Where at any Time after the passing of this Act any Operation, Work, Matter, or Thing, being within the Description of the Improvement of Land contained in Section Nine of the Act of the Session of the Twenty-seventh and Twenty-eighth Years of Her Majesty’s Reign, Chapter One hundred and fourteen, (The Improvement of Land Act, 1864,) is effected or done in or with reference to any Part of the Possessions and Land Revenues of the Crown under the Management of the Commissioners of Her Majesty’s Woods, Forests, and Land Revenues (hereafter in this Act referred to as the Commissioners of Woods), the Commissioners of Her Majesty’s Treasury (hereafter in this Act referred to as the Commissioners of the Treasury) may, if they think fit, direct, with respect to any such Operation, Work, Matter, or Thing, that the Costs, Charges, and Expenses of and connected with the same shall be charged as a Principal Sum to the Account of the Capital of the Land Revenue of the Crown; but in every Case where such Direction is given the Principal Sum so charged shall be repaid out of the Income of the Land Revenue of the Crown in such Manner and within such Time as in each Case the Commissioners of the Treasury from Time to Time direct, so nevertheless that in every Case Provision be made for the complete Repayment of Principal out of Income as aforesaid within a Period not exceeding Thirty Years from the Time at which the Principal Sum becomes a Charge as aforesaid.
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