Land purchase annuities etc.

1 Subject to subsection (2), land purchase annuities shall be collected by the Department of Agriculture and paid into the Consolidated Fund of Northern Ireland. 2 A land purchase annuity may be extinguished by, or redeemed with the agreement of, the Department of Agriculture. 3 The Irish Land Purchase Fund shall be wound up and the money standing to its credit shall be paid into the Consolidated Fund of the United Kingdom. 4 In this section “ land purchase annuities ” means annuities for the repayment of advances made under any enactment relating to land purchase in Northern Ireland.