19Redemption of rent-charges etc. payable to charity.N.I.
(1)Where—
(a)a periodical payment charged on land is payable to the trustees of a charity; and
(b)the trustees apply to the Ministry for power to agree to the redemption of the payment by the owner of the land charged with it;
the Ministry may confer power, subject to such terms and conditions as it may specify, on the trustees to agree to the redemption of the payment by the owner of the land if it is satisfied that to do so would be for the benefit of the charity.
(2)Where any periodical payment charged on land is payable to the Ministry as the trustee of any charity, the Ministry may, subject to such terms and conditions as it may specify, agree to the redemption of the payment by the owner of the land if it is satisfied that to do so would be for the benefit of the charity.