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Duchy of Cornwall Management Act 1893

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Duchy of Cornwall Management Act 1893

1893 CHAPTER 20

An Act to extend the Provisions of the Duchy of Cornwall Management Act, 1863, relating to the Powers of Sale and Enfranchisement, and for other purposes.

[29th June 1893]

Whereas it is expedient to remove the limit of time for the exercise of the powers of sale and enfranchisement under section three of the [26 & 27 Vict. c. 49.] Duchy of Cornwall Management Act, 1863, and to extend the powers of investment given by the same Act:

Be it therefore enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:

1Repeal of limit imposed by 26 & 27 Vict. c.49 for exercise of powers of sale and enfranchisement.

In section three of the Duchy of Cornwall Management Act, 1863, the words " within a period of thirty-one years from the passing of this Act" and in section twenty-two of the same Act the words " not exceeding the term of ninety-pine years" are hereby repealed.

2Extension of power of investment.

The power of investment conferred by the Duchy of Cornwall Management Act, 1863, is hereby extended, and shall authorise investments in any of the modes of investment authorised by section three of the Trust Investment Act, 1889, or by any Act amending or extending the same, and shall include power to vary any present or future investment for any investment authorised by this Act.

3Short title and construction.

This Act may be cited as the Duchy of Cornwall Management Act, 1893, and shall be construed as one with the Duchy of Cornwall Management Acts, 1863 to 1868, and those Acts and this Act may be cited collectively as the Duchy of Cornwall Management Acts, 1863 to 1893.

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