GOVERNMENT OF IRELAND ACT 1920 - SECT 26 Provisions as to land purchase annuities.

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GOVERNMENT OF IRELAND ACT 1920 - SECT 26

Provisions as to land purchase annuities.

26.(1) Purchase annuities payable in respect of land situate in Southern
Ireland and Northern Ireland respectively, including any arrears thereof due
or accruing due on the appointed day, shall be collected by the Governments of
Southern Ireland and Northern Ireland, and the amounts so collected shall be
paid into their respective Exchequers, but nothing in this Act shall confer on
either such Government any powers with respect to the redemption of
purchase annuities.

(2) In each year a sum equal to the amount payable in that year in respect of
purchase annuities shall be paid into the Irish Land Purchase fund or account,
or other appropriate fund or account, out of moneys provided by the Parliament
of the United Kingdom.

(3) Where after the appointed day an existing purchase annuity is redeemed, a
sum equal to the annuity shall be paid out of moneys provided by the
Parliament of the United Kingdom to the Exchequer of... Northern Ireland,...
in each year so long as the purchase annuity would, if not redeemed, have
continued to be payable.

Subs.(4) rep. by 1973 c.36 s.41 sch.6 Pt.II

(5) For the purposes of this Act

the expression "purchase annuities", ..., includes annuities for the repayment
of advances made under any of the Land Purchase Acts prior to the
Purchase of Land (Ireland) Act, 1891, and annuities for the repayment of
advances made under the Labourers (Ireland) Act, 1906, or under any other Act
relating to land purchase in Ireland;

the expression "existing purchase annuity" means a purchase annuity payable in
respect of an advance made in pursuance of a purchase agreement entered into,
or, in the case of a purchase annuity payable under the Labourers (Ireland)
Act, 1906, in pursuance of a scheme approved before the passing of this Act;

Definition spent

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Northern Irish Legislation

GOVERNMENT OF IRELAND ACT 1920 - SECT 26