Land Bond Act, 1925
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Repayment to Guarantee Fund of certain sums paid thereout. |
8.—Where an advance has been made from the Guarantee Fund to the Land Purchase Account or the Irish Land Purchase Fund in respect of the interest on an advance made to a purchaser for the period between— | |
(a) the day six months before the first gale day for the payment of the purchase annuity in respect of such advance, and | ||
(b) the next subsequent day on which dividends were payable on stock issued under the Purchase of Land (Ireland) Act, 1891 , or the Irish Land Act, 1903, | ||
all sums received by the Land Commission from a purchaser in respect of such interest shall, notwithstanding anything to the contrary contained in sub-section (2) of section 12 of the Principal Act, be paid into the Guarantee Fund. |