Land Act, 1931

Amendment of section 1 of the Land Act, 1923 .

3.—(1) Sub-section (3) of section 1 of the Land Act, 1923 , as amended by section 3 of the Land Bond Act, 1925 , shall be construed and have effect as if the words “in satisfaction of death duties or” now contained in that sub-section were omitted therefrom.

(2) In addition to the several sums required by sub-section (5) of section 1 of the Land Act, 1923 , as amended by section 3 of the Land Bond Act, 1925 , to be set aside in the land bond fund for the purpose of the redemption of bonds, there shall for the purpose of such redemption be set aside in the land bond fund, at the close of every half-year ending on the 1st day of May or the 1st day of November until all land bonds issued under the Land Act, 1923 , or any Act amending that Act have been redeemed, all sums paid into the land bond fund during such half-year by the Land Commission under this Act for the redemption of land bonds.