# Landlord and Tenant Act 1954, Paragraph 6

Extent: E+W

The purposes authorised for the application of capital money by section seventy-three of the Settled Land Act 1925 ... ..., and the purposes authorised by section seventy-one of the Settled Land Act 1925 ... ..., 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).

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Source: https://www.legislation.gov.uk/ukpga/Eliz2/2-3/56/schedule/SECOND/paragraph/6 (the official version)
Page: https://openlegislation.uk/landlord-and-tenant-act-1954/schedule-SECOND/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.