Purchase of Land (Ireland) Act, 1891

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Payment by purchaser of Sinking Fund payments in guaranteed land stock.

2. Where a person liable to pay a purchase annuity either—

(a) redeems the annuity or any part thereof; or

(b) pays on a gale day or within fourteen days thereafter the instalment due on that gale day;

the payment of the redemption money, or, as the case may be, of one-fourth of the instalment, may be discharged by the prescribed transfer to the National Debt Commissioners of an equal nominal amount of guaranteed land stock, and such transfer may be made through the medium of a post office savings bank in the prescribed manner,

[S. 3 rep. 3 Edw. 7. c. 37. s. 103.]