Land Act , 1933

51.—Where, on the allocation of any fund distributable by the Court under the Land Purchase Acts, the rent and renewal fines payable out of lands held under lease for lives or for years with a covenant for perpetual renewal upon payment of a fine, are redeemed, in whole or in part, and ordered to be paid out of such fund, no fine which became payable more than twenty-two years before the date of such allocation nor more than three fines in all shall be taken into consideration in assessing the value of the fines to be so redeemed, and in no such case shall the total sum payable in redemption of such fines exceed 10 per cent. of the redemption price of the rent payable under the said lease.

52 Distribution of small shares of purchase moneys, etc.

52.—The provisions of section 63 of the Irish Land Act, 1903, and of section 35 of the Land Act, 1931, shall apply to any share in the redemption price or in the residue of the redemption price of a superior interest, or in the purchase money or the residue of the purchase money of an estate, or in any fund or the residue of any fund which is distributable by the court where the amount of such share—

(a) does not exceed thirty pounds; or

(b) exceeds thirty pounds and does not exceed one hundred pounds,

in like manner as those sections apply to redemption prices of superior interests, purchase moneys of estates, and funds distributable by the court, or to residues of such redemption prices, purchase moneys or funds not exceeding thirty pounds and exceeding thirty pounds and not exceeding one hundred pounds respectively.

53 Deduction from purchase money of debts due to the State.

53.—(1) The Land Commission when distributing the purchase money of an estate shall deduct from the amount of the purchase money payable to any person who is not resident in Saorstát Eireann any debt due or payable by such person to any Minister or Government Department of which the Land Commission has received notice before the making of payment to such person.

(2) When the amount of any such debt has not been ascertained the Land Commission shall retain such sum as the Minister or Government Department requires out of the amount of the purchase money to which the person by whom such debt is due or payable is entitled until he has delivered the necessary accounts or made the necessary returns to enable the Minister or Department to whom or to which such debt is due to determine its exact amount and such exact amount has been determined.

54 Guarantee deposits.

54.—(1) When the purchase money of an estate is distributed before the vesting orders in respect of all the holdings comprised in such estate have been made, the Judicial Commissioner shall retain in land bonds out of the purchase money as a guarantee deposit a sum equal to ten per cent. of the purchase money, or such greater sum as the Judicial Commissioner shall think proper but not exceeding in any case twenty-five per cent. of the purchase money unless, on the distribution of such purchase money, the Land Commission certify that no retainer or only a retainer less than ten per cent; of the purchase money need be made.

(2) Sub-section (1) of section 21 of the Land Act, 1931, is hereby repealed.