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(1)The powers of the Board of Agriculture and Fisheries under the [23 7amp; 24 Vict. c. 93.] Tithe Act, 1860, to convert corn rents into tithe rentcharges may be exercised at any time on the application in writing, of the owners of land liable to the payment of the major part in value of corn rents or of the persons to whom the major part in value of the corn rents are payable.
(2)The tithe rentcharge to be awarded on the conversion of any corn rents shall be such as, in the opinion of the Board, is equal in capital value to the corn rents converted.
(3)The provisions of this Act which relate to redemption of tithe rentcharge, except the First Schedule, shall apply to corn rents, rentcharges, and money payments (other than rentcharges payable under the [49 & 50 Vict. c. 54.] Extraordinary Tithe Redemption Act, 1886) which are liable to redemption under the Tithe Acts, 1836 to 1891.
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