The liability of the Commission to make the annual payments mentioned in section thirty-six of the Act of 1903 in respect of advances for purposes in Northern Ireland shall cease to the extent to which the annual sum payable to the Land Purchase Fund in pursuance of subsection (2) of section twenty-six of the M1Government of Ireland Act 1920, represents purchase annuities payable in respect of such advances, and the residue of such payments including payments in respect of losses, if any, on re-sales, shall, if and so far as the receipts of the Commission are insufficient, be discharged as part of the expenses of the Commission.]
Textual Amendments
F1S. 5 repealed (N.I.) (2.12.1999) by S.I. 1999/663, arts. 1(2), 2(2), Sch.2 (see S.I. 1999/3208)
Marginal Citations
M11920 c. 67 (29:3).