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Ecclesiastical Leasing Act 1842 (repealed)
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Version Superseded: 01/07/2018
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10 Improved value of Episcopal Estates to be paid to Commissioners.F1E+W
Upon any improvement in the annual value of any see, by means of any lease granted under this Act or otherwise, the annual sum, if any, directed to be charged upon the revenues of such see by any order in council, shall, by the authority provided in the M1Ecclesiastical Commissioners Act 1840 be forthwith directed to be increased to the extent of such improvement; or the annual sum (if any) directed by any like order to be paid to the bishop of such see shall, by the like authority, be forthwith directed to be reduced to the like extent, or to be altogether annulled, if not exceeding such improvement; and if such improvement shall exceed the annual sum so directed to be paid to such bishop, or if no annual sum shall have been directed to be paid by or to such bishop, then a fixed annual sum, equal to the excess in the one case, or to the whole of such improvement in the other case, shall, by the like authority, be forthwith directed to be charged upon the revenues of such see; and the increased or reduced or new payment (as the case may be) shall take effect upon the avoidance of the see next after such improvement, and not sooner.
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F1Act applied (with modifications) (30.10.1994) by S.I. 1994/2716, reg. 86(4)
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