XI Leases purchased under the Authority of this Act may either be merged or kept on foot.U.K.
In every Case in which any subsisting Lease, Term of Years, or Chattel Interest of or in any Part of the said Lands and Possessions of the said Duchy shall be purchased or taken in exchange by the Council of His said Royal Highness it shall be lawful for the said Council either to cause the same to be surrendered to His said Royal Highness or otherwise, in order that the same may merge in the Reversion expectant thereon, and become extinguished therein, or to cause the same to be assigned to any Person as a Trustee for His said Royal Highness, His Heirs and Successors, in order that the same may be kept on foot distinct from the Inheritance.