Land Act, 1923

Dividends and interest on purchase money pending distribution.

27.—Where land is vested in the Land Commission by virtue of this Act, the dividends on the Land Bonds representing the purchase money shall, pending distribution thereof, be paid to the Land Commission, and the Land Commission shall pay interest on so much of the purchase money as is for the time being undistributed at the rate of 4½ per cent. per annum to the vendor, or such other person or persons as shall appear to the Land Commission to be entitled thereto.