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12(1)Where—
(a)the tenant under the new lease is a diocesan board of finance and the lease comprises diocesan glebe land, and
(b)compensation is paid as mentioned in paragraph 9(b) above,
the sum received shall be paid to the Church Commissioners to be applied for purposes for which the proceeds of any disposition of property by agreement would be applicable under any enactment or Measure authorising such a disposition or disposing of the proceeds of such a disposition.
(2)In this paragraph “diocesan board of finance” and “diocesan glebe land” have the same meaning as in the [1976 No. 4.] Endowments and Glebe Measure 1976.
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