Paragraph 6
England and Wales
The purposes authorised for the application of capital money by section seventy-three of the M1Settled Land Act 1925 F1... F2..., and the purposes authorised by section seventy-one of the Settled Land Act 1925 ... F3..., as purposes for which moneys may be raised by mortgage, shall include the payment of any such expenses as are mentioned in the last foregoing paragraph and the making of any such payment as is mentioned in that paragraph:
Provided that the like provisions shall have effect as to the repayment of capital money applied by virtue of this paragraph as have effect in the case of improvements authorised by Part II of the Third Schedule to the Settled Land Act 1925 (which specifies improvements the cost of which may be required to be replaced out of income).
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 6 repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (with ss. 24(2), 25(4)); S.I. 1996/2974, art. 2
- F2
Words in Sch. 2 para. 6 omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 6(a); S.I. 2024/265, reg. 4, Sch. 2 para. 3
- F3
Words in Sch. 2 para. 6 omitted (19.5.2025) by virtue of Charities Act 2022 (c. 6), s. 41(4), Sch. 1 para. 6(b); S.I. 2024/265, reg. 4, Sch. 2 para. 3
Marginal citations
- M1