Land Act, 1931
|
Payment of additional sum by payers of certain purchase annuities. |
50.—(1) A person by whom a purchase annuity in respect of an advance made after the passing of this Act under section 38 or section 39 of the Land Act, 1923 , is payable shall on the first gale-day on which a payment in respect of such purchase annuity is payable pay to the Land Commission (in addition to such payment) an additional sum equivalent to a proportion of such purchase annuity for the period between such gale-day and the next day on which dividends are payable on land bonds. | |
(2) The Land Commission shall have for the recovery of sums payable to them under this section the same remedies as they have for unpaid instalments of purchase annuities |