Land Law (Ireland) Act, 1887

Part II.

Purchase of Land.

Investment of guarantee deposit.

48 & 49 Vict. c. 73.

45 & 46 Vict. c. 38.

10. A guarantee deposit made under the Purchase of Land (Ireland) Act, 1885, may, on the application of the person by whom the deposit was made, or of any person for the time being interested in it, be invested by the Land Commission in the same investments in which it might have been invested under the direction of the High Court, if it had been capital money arising under the Settled Land Act, 1882, and paid into court, or in any securities in which trustees are by law for the time being authorised to invest trust moneys; and the interest thereof may be paid by the Land Commission to the person entitled thereto.