It shall be lawful for the Duke of Cornwall to make or sanction such Arrangement as may from Time to Time be considered expedient for the Settlement of any Question which may arise touching or concerning the Boundary or Extent of any of the Possessions of the Duchy of Cornwall, or the Title to any Property, or to any Right of Common, Right of Way, Water Right, or other Right whatsoever being or reputed or claimed to be Parcel of or appurtenant to the Possessions of the Duchy of Cornwall, or to any Right exercised or claimed to be exercised in, over, or upon any Part of the Possessions or reputed Possessions of the said Duchy, or touching or concerning any other Matter having relation to or affecting the same Possessions or any of them, and for that Purpose, by Deed under the Seal of the Duchy of Cornwall, in such Form as may be deemed expedient, to give up or relinquish or to admit the Title to any such Property or Right, and in case of any such Relinquishment or Admission to accept any Land, Tenements, or Hereditaments, or any Sum of Money in lieu of or by way of Consideration for the Property or Right the Title to which shall be so relinquished or admitted, and to authorize the Payment from Time to Time to any Person of any Rents or other Profits to be derived from, or any Purchase Monies to be received on account of the Sale of, any such Property or Right or any Portion thereof respectively, and any Person claiming to be entitled in possession, either for Life or for any greater Estate, and either at Law or in Equity, to the Rents and Profits or the Interest or Income or the Use and Enjoyment of any such Property or Right, may enter into any Agreement for any of the Purposes aforesaid; and when any Deed, Agreement, or Writing effecting or purporting to effect any such Arrangement as aforesaid shall have been enrolled as herein-after mentioned, the same shall be binding and conclusive on the Duke of Cornwall and every Party in anywise interested or claiming to be interested in the Subject Matter thereof, and any Land, Tenements, Hereditaments, or Money so to be accepted by the Duke of Cornwall shall be considered and treated as Property purchased by the Duke of Cornwall, or, as the Case may be, as Money arising from a Sale for a gross Sum of the Possessions of the Duchy of Cornwall under the Powers of this Act.