Public Works Loans Act, 1889

Rentcharge under preceding section not to exceed improved value of land.

6. The rentcharge charged under the next preceding section of this Act on the fee simple shall not exceed the improved value of the land at the time of the cesser or determination of the particular estate, resulting from the outlay of the money advanced on loan, such improved value in the case of dispute to be ascertained by the Commissioner of Valuation in Ireland in accordance with rules to be made by him.