Land Act, 1953

Amendment of section 30 of Land Act, 1933.

9.—(1) Where the Land Commission, pursuant to subsection (1) of section 30 of the Land Act, 1933 , or that subsection as extended by subsection (1) of section 30 of the Land Act, 1936 , declare the appointed day for untenanted lands and the price at which it is proposed to purchase such lands, that price and any price subsequently agreed upon or fixed for such lands shall, for the purpose of determining the relevant series of land bonds, be deemed to be fixed on the date of the declaration.

(2) Subsection (3) of section 30 of the Land Act, 1933 (including that subsection as applied by subsection (2) of section 30 of the Land Act, 1936 ) is hereby amended by the insertion before “for the purchase” of “(bearing the same rate of interest as the land bonds issued in respect of the provisional price)”.

(3) Subsection (2) of this section shall be deemed to have come into operation on the passing of the Land Act, 1933 .