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Clause 64—(Payment And Security For Payment Of Development Charges)

Volume 437: debated on Wednesday 14 May 1947

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Amendments made: In page 68, line 20, after the first "or," insert:

"of capital and interest combined, of as a series."

In line 33, at end, insert:

"Provided that notwithstanding anything in this section or in any requirement of the Board thereunder, any person for the time being interested in the land may at any time discharge any outstanding liability for sums payable by virtue of the determination by the payment of such amount as may be determined by the Board to represent the value of those sums subject to such discount as they consider appropriate."

In line 35, leave out "as aforesaid."

In line 39, at end, insert:

"(4) The purposes authorised for the application of capital moneys—
  • (a) by Section seventy-three of the Settled Land Act, 1925. and by that Section as applied by Section twenty-eight of the Law of Property Act, 5925. in relation to trusts for sale; and
  • (b) by Section twenty-six of the Universities, and College Estates Act, 1925, and the purposes authorised by Section seventy-one of the Settled Land Act, 1925, by that Section as applied as aforesaid, and by Section thirty-one of the Universities and College Estates Act, 1925, as purposes for which moneys may be raised by mortgage, shall include the discharge of any sum payable in respect of a development charge under this Part of this Act, being a sum determined by the Board under this Section as a capital payment or as an instalment of capital."
  • In line 4o, leave out Subsection (4).—[ Mr. Silkin.]