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TITHE RENTCHARGE AND VARIABLE RENTS ACT (NORTHERN IRELAND) 1930 - SECT 2

Sale of tithe rentcharges and perpetuity rents.

2.(1) The Ministry of Finance may sell any perpetuity rent or tithe rentcharge
vested in it in consideration of a sum which will yield, when invested in such
securities issued in respect of any loan raised by the Ministry or by the
Treasury as the Ministry may determine, such annual amount of interest as is
approximately equal to the annual amount of the perpetuity rent or
tithe rentcharge, as the case may be:

Provided that where the last-mentioned amount does not exceed [25p] the
consideration for the sale may be such sum as the Ministry may think proper.

(2) The proceeds of any such sale shall be paid into the Terminable Revenues
Sinking Fund established under section one of the Exchequer and Financial
Provisions Act (Northern Ireland), 1946.]

© 1930 Crown Copyright

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