SETTLED ESTATES ACT 1877 - SECT 34 Payment and application of moneys arising from sales or set aside out of rent, &c. reserved on mining leases.

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SETTLED ESTATES ACT 1877 - SECT 34

Payment and application of moneys arising from sales or set aside out of rent, &c. reserved on mining leases.

34. All money to be received on any sale effected under the authority of
this Act, or to be set aside out of the rent or payments reserved on any lease
of earth, coal, stone, or minerals as aforesaid, may, if the Court shall think
fit, be paid to any trustees of whom it shall approve, or otherwise the same,
... so far as relates to estates in Ireland, shall be paid into [the Supreme
Court to the account of the applicant] in the matter of this Act; and such
money shall be applied as the Court shall from time to time direct to some one
or more of the following purposes, namely

... so far as relates to estates in Ireland the purchase or redemption of
rentcharge in lieu of tithes, Crown rent, or quit rent.

The discharge or redemption of any incumbrance affecting the hereditaments in
respect of which such money was paid, or affecting any other hereditaments
subject to the same uses or trusts; or

The purchase of other hereditaments to be settled in the same manner as the
hereditaments in respect of which the money was paid; or

The payment to any person becoming absolutely entitled.

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Northern Irish Legislation

SETTLED ESTATES ACT 1877 - SECT 34