The Gazette 1909-10

The Gazette of the Incorporated Law Society of Ireland.

92

[MARCH, 1910

belongs, and the case of such Vendor shall forthwith be removed from the Principal Register. Provided always that no applicant shall be entitled to be placed on this Subsi diary Register (Part Money, Part Stock) unless he has agreed to take at least one moiety of his advance in Stock. In all cases in which, after the date of the publication of such notice, and on or before the 1st of April following, applications are made by or on behalf of Vendors, that the advances in their cases shall be made wholly by means of Guaranteed 2f per cent. Stock, the Estates Commissioners shall, save as hereinafter mentioned, forthwith cause all such cases to be entered on the Subsidiary Register entitled " All Stock " of the class of cases to which applicant's case belongs, and the case of such applicant shall there upon be removed from the Principal Register. Cases shall be entered on the Subsidiary Registers for the year commencing 1st April, 1910, in the relative order of priority of such cases according to the Principal Register from which they have been respectively removed. Cases entered on the Subsidiary Registers for all subsequent years shall be entered in the same relative order of priority, save that cases entered on a Subsidiary Register for any year, but not reached during that year, shall be entitled to keep their places on such Subsidiary Register for the ensuing and following years in their former priority, and in priority to all other cases which may be placed on such Subsidiary Register for the first time. The Estates Commissioners may at any time, on the application by or on behalf of a Vendor transfer the case to the principal Register of the applicant's class, or from one Subsidiary Register to another, and in such case, the case so transferred shall be entered on such Principal or Subsidiary Register and take priority on the Register to which it is transferred as of the date of transfer. Sales on each Principal and Subsidiary Register shall, so far as practicable, and having regard to the amount of money and Stock available in each case be proceeded with as between the several Registers pari passu, and as between the cases entered on each Register respectively be proceeded with and the advances sanctioned respectively in the order of priority of that Register,

Provided always that the Estates Commis- I sioners and the Congested Districts Board shall take into consideration any default or delay on the part of Vendors and Tenant Purchasers in the discharge of the require ments of the Commissioners, or of any duty imposed on them, so as not to permit the same to retard the progress of proceedings or the making of advances in the cases of other Vendors and Tenant Purchasers. In case it appears that the amount allocated as hereinbefore mentioned for each of the Subsidiary Registers entitled (Part Money, Part Stock) will not be required for the purpose of such Register, than the amount so allocated and not required may be utilised for carrying out sales on the Principal Register of the class in respect of which the money has been so allocated and is not so required. In case it appears at any time during any current year that the amount allocated for any class of cases is greater than is required for that class, then the amount so allocated and not so required may be utilised for such other class of sales as the Lord Lieutenant may direct. Future Sales when Advances are made in 3 Per Cent. Stock. Future Sales, under Sections 1-5 of the Irish Land Act, 1903, as amended by the Irish Land Act, 1909, which, under the provisions of the Irish Land Act, 1909, are to be financed as future Purchase Agreements, shall be proceeded with, and advances sanctioned, so far as practicable in the order of priority in which the Agreements to Purchase were lodged in the office of the Estates Commissioners. Sales of estates proposed to be sold to the Estates Commissioners under the provisions of Sections VI., VII., and VIII. of the Irish Land Act, 1903, as amended by the Irish Land Act, 1909, other than those herein before provided for shall, so far as practicable, be carried out by the Estates Commissioners in the order of priority as of the earliest date on which (a) an Originating Request has been lodged in manner provided by Rules, or (b) the Vendor has accepted a preliminary estimate of price made by the Land Commission, or