Northern Ireland Land Purchase (Winding Up) Act 1935

SCHEDULES

Section 1.

FIRST SCHEDULE

PART I Continuance of certain powers to make advances

Advances under the Acts relating to land purchase may be made after the passing of this Act in the cases specified in the first column of the following Table for the purposes respectively specified in the second column of that Table.

TABLE

1. Where an agreement for the purchase of land by a tenant has been lodged with the Commission before the date of the passing of this Act and proceedings in respect thereof are pending at that date.	For the purchase of the land pursuant to the agreement.
2. Where under any provision of the Acts relating to land purchase land has been purchased by the Commission before the date of the passing of this Act, or is thereafter purchased by them, and the Acts relating to land purchase confer a power to make an advance for any purpose in a case where land is purchased by the Commission under that provision.	For effectuating that purpose as respects the land purchased by the Commission or any part thereof.
3. Where by virtue of Part II of the Act of 1925 any land has become vested in the Commission before the date of the passing of this Act, or becomes vested in the Commission or in the Land Purchase Trustee for Northern Ireland on or after that date.	For the purchase of any holding comprised in the land pursuant either— (i) to the agreement deemed by virtue of Part II of the Act of 1925 to have been entered into by the tenant; or (ii) to any agreement entered into under subsection (2) of section twelve of that Act.
4. Where an application for the redemption of the rent of a holding pursuant to section one of the Redemption of Rent (Ireland) Act, 1891, has been lodged with the Commission before the date of the passing of this Act and proceedings in respect thereof are pending at that date.	For the redemption of the rent.

PART II Continuance for certain purposes of powers to purchase land and of s. 8 of the act of 1925 as respects certain land

1 The powers to purchase land conferred by the Acts relating to land purchase shall continue to be exercisable so far as is requisite for the purpose of enabling effect to be given to any agreement entered into before the date of the passing of this Act.

2 Section eight of the Act of 1925 shall continue to have effect so far as regards land with respect to which particulars required by the Commission for the purposes of section seventeen of that Act have been furnished or given to, or ascertained by, the Commission under that section before the expiration of three months from the date of the passing of this Act.

Section 1.

SECOND SCHEDULE Reserved Matters

The following matters, so far as they are reserved matters within the meaning of the Government of Ireland Act, 1920, at the appointed day, shall continue so to be, that is to say :—

(a) the Irish Land Purchase Fund (including the Land Purchase Aid Fund), the Land Purchase Account and any other fund or account relating to land purchase in Northern Ireland existing at the appointed day, and the administration thereof;

(b) the making of advances in the cases specified in Part I of the First Schedule to this Act and the completion of the purchase and sale and vesting of land and the distribution of purchase money (including the percentage or bonus and interest thereon payable under section forty-eight of the Act of 1903) under the Acts relating to land purchase;

(c) the repayment of advances and the payment and redemption of purchase annuities to which section twenty-six of the Government of Ireland Act, 1920, applies, and functions in respect thereof;

(d) bonds, stock and other securities (including interest thereon) created under the Acts relating to land purchase, the creation thereof and the service and redemption thereof whether created before or after the passing of this Act; and

(e) property for the time being vested in the Land Purchase Trustee for Northern Ireland and functions in respect thereof :

Provided that where a purchase annuity has been redeemed in whole or in part under the Acts relating to land purchase and it becomes necessary that a deed or other instrument should be executed for the purpose of releasing any land from the charge to which it was subject in respect of the annuity, the reservation of the matters referred to in paragraph (c) of this Schedule shall not be deemed to render execution by a department of the Government of the United Kingdom requisite to the validity of the deed or instrument.