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IRISH CHURCH ACT (1869) AMENDMENT ACT 1872 - SECT 7

Sale of tithe rentcharge to owners of land charged therewith.

7. The Commissioners may sell any rentcharge in lieu of tithes vested in them
under the principal Act to the owner of the land charged therewith, [for such
consideration as is determined by the Ministry of Finance under section two of
the Tithe Rentcharge and Variable Rents Act (Northern Ireland), 1930, as
amended by section one of the Finance (Miscellaneous Provisions) Act (Northern
Ireland), 1949]; and upon any such sale being so made, the Commissioners shall
by order declare the rentcharge to be merged in the land out of which it
issued, and the same shall merge and be extinguished accordingly.

Upon the application of any owners so purchasing, the Commissioners may by
order declare his purchase money to be payable by instalments, and the land
out of which such rentcharge issued to be accordingly charged as from a day to
be mentioned in such order for fifty-two years thence next ensuing with an
annual sum calculated at the rate of [#4.45] per centum on the purchase money,
or for such less number of years as may be agreed upon at an equivalent annual
sum, so as to discharge the principal and interest in such less number of
years. The annual sum charged by such order shall have priority over all
charges and incumbrances, except quit or crown rents, and shall be payable by
the same persons, and be recoverable in the same manner, and be subject to the
same charges, if any, as the rentcharge in lieu of tithes heretofore payable
out of the same lands.

"Owner" for the purposes of this and the next preceding section shall mean the
person for the time being liable to pay rentcharge in lieu of tithes under the
provisions of the Tithe Rentcharge (Ireland) Act, 1838.

...

Purchase of surrender or assignment of subsisting lease of tithe rentcharge.

© 1869 Crown Copyright

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