328Settled land and land of universities and colleges
(1)The purposes authorised for the application of capital money—
(a)by section 73 of the [1925 c. 18.] Settled Land Act 1925 and by that section as applied by section 28 of the [1925 c. 20.] Law of Property Act 1925 in relation to trusts for sale; and
(b)by section 26 of the [1925 c. 24.] Universities and College Estates Act 1925,
shall include the payment of any sum recoverable under section 111, 112, 133 or 327.
(2)The purposes authorised as purposes for which money may be raised by mortgage—
(a)by section 71 of the Settled Land Act 1925 and by that section as so applied; and
(b)by section 30 of the Universities and College Estates Act 1925,
shall include the payment of any sum so recoverable.