6E+WWhere the interest of a Chapter II landlord is subject to a settlement (within the meaning of the Settled Land Act 1925), the purposes authorised—
(a)by section 73 of that Act for the application of capital money, and
(b)by section 71 of that Act as purposes for which money may be raised by mortgage,
shall include the payment of compensation [F1by the landlord on the termination of a new lease granted under Chapter II or section 93(4) (whether the payment is made in pursuance of an order under section 61 or in pursuance of an agreement made in conformity with paragraph 5 of Schedule 14 without an application having been made under that section)].
Textual Amendments
F1Words in Sch. 2 para. 6 substituted (1.1.1997) by 1996 c. 47, s. 25(1), Sch. 3 para. 27(2)(b) (with ss. 24(2), 25(4)); S.I. 1996/2974, art.2