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A Portion of Lands liable to Rent-charge may be released in certain Cases.
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XLVII. And be it enacted, That it shall be lawful for the said Commissioners of Public Works, with the Sanction of the Commissioners of Her Majesty’s Treasury, from Time to Time and at any Time when and so often as by reason of the Improvement in Value of any Lands in respect of which any Loan shall have been made under this Act, or by reason of the Redemption of any Part of the Loan, any Portion of the Lands charged with any Rent-charge shall appear to them a sufficient Security for the whole of such Rent-charge, by any Deed or Instrument under their Common Seal to release any of the Lands originally charged with the said Rent-charge from the Payment thereof; and no Release of any Portion of the Lands charged with a Rent-charge under this Act shall in anywise avoid, dimmish, or affect any Remedies by this Act given or otherwise to be had and exercised for the Recovery of such Rent-charge in respect of the Residue of the Lands therewith charged: Provided nevertheless, that such Release shall not be effectual unless the same be made with the Consent in Writing of all Persons having any Charge or Incumbrance on such Part of the Land as shall continue liable to the Rent-charge.
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