Purchase of Land (Ireland) Act, 1891

Investment of guarantee deposit.

23.(1) No portion of the guarantee deposit shall be invested in any security that is not readily realisable.

(2) Notwithstanding anything in any of the Land Purchase Acts, in every case of an advance under the said Acts and this Act exceeding three-fourths of the purchase-money of a holding, the Land Commission shall retain a guarantee deposit out of the advance, unless such deposit is otherwise provided.