Land Act, 1939

Amendment of sub-section (8) of section 18 of the Land Act, 1933.

27.—Sub-section (8) of section 18 of the Land Act, 1933 , is hereby repealed and in lieu thereof it is hereby enacted that Part III of the said Act shall not apply or have effect in relation—

(a) to a purchase annuity or an additional sum in repayment of an advance made under section 39 of the Land Act, 1923 , for the redemption of a superior interest which is an annual payment to which the said section 18 applies, or

(b) to a purchase annuity, annual sum, or additional sum (including a portion of a purchase annuity, annual sum, or additional sum) in repayment of an advance made under section 44 of the Land Act, 1931 , as amended by section 42 of the Land Act, 1933 , sections 42 and 43 of the Land Act, 1936 , and this Act for the purchase of a parcel of untenanted land held by the owner thereof under a perpetuity rent to which the said section 18 applies,

where such superior interest or perpetuity rent (as the case may be) was revised under the said section 18 or under that section as amended by this Act before the said advance was made.