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For ascertaining the yearly Rent to be reserved on such Conveyances.
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II. And be it enacted, That the yearly Rent to be reserved on every such last-mentioned Conveyance shall be ascertained in manner following; that is to say, when the Fine and Fees payable by such inferior Tenant upon each Renewal of his Interest in such Lands, Tenements, or Hereditaments shall be a fixed and ascertained Sum, then, in the Case of Leases or Interests renewable every Year, the Amount of such Fine and Fees, or, in the Case of Leases renewable at longer Intervals than every Year, the annual average Amount of such Fine and Fees computed as by the said first-recited Act directed for the Purposes of that Act, shall be added to the yearly Rent reserved and made payable by the Lease or Contract under which such Lands, Tenements, or Hereditaments are held by such inferior Tenant; and when the Fine and Fees payable by such inferior Tenant upon every such Renewal as aforesaid shall be a fixed Proportion of or dependent upon the Renewal Fine payable by the immediate superior Tenant of said Lands, Tenements, or Hereditaments, then there shall be added to the yearly Rent reserved upon such Lease or Contract a Sum of Money bearing a like Proportion to the average annual Amount of the Renewal Fine so payable by such immediate superior Tenant, as the same shall have been ascertained by the Ecclesiastical Commissioners for Ireland pursuant to the said recited Acts; and such yearly Rent reserved upon such Lease or Contract, together with such Sum of Money so to be added thereto as aforesaid, shall be the future Rent to be reserved on the Conveyance of a perpetual Estate or Interest in such Lands. Tenements, or Hereditaments to such inferior Tenant.
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