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PART IExtinguishment of tithe rentcharge, compensation of owners thereof and liabilities of landowners.

Extinguishment, Compensation by issue of Stock, Charge of Redemption Annuities.

1Extinguishment of tithe rentcharge.

Subject to the provisions of this Act, all tithe rentcharge shall be extinguished on the second day of October, nineteen hundred and thirty-six (in this Act referred, to as " the appointed day"), and accordingly as from that day the land out of which any tithe rentcharge issued immediately before that day shall be absolutely discharged and freed therefrom.