Feudal Casualties (Scotland) Act 1914
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Change 1
9 Option to proprietor to pay annual sum.
The proprietor of the feu shall be entitled to elect that the compensation payable on the redemption of any casualties under this Act shall be converted into an annual sum equal to four per cent. on the capital, and in that case a memorandum in the form set forth in Schedule G. annexed to the principal Act, or in a similar form, of the amount of such annual sum shall be signed by the parties or their respective agents and recorded in the appropriate register of sasines, whereupon such annual sum shall, subject to the provisions of section ten of this Act, be deemed to be a feu-duty with all the legal qualities thereof, and shall form an addition to any existing feu-duty, and the superior’s right to all casualties shall be held to be discharged: Provided always that the superior and the proprietor of the feu shall each respectively bear their own expenses of and incident to such memorandum, but the stamp duty applicable to such memorandum and the dues of recording the same in the appropriate register of sasines shall be borne by them equally.
9 Option to proprietor to pay annual sum.
The proprietor of the feu shall be entitled to elect that the compensation payable on the redemption of any casualties under this Act shall be converted into an annual sum equal to four per cent. on the capital, and in that case a memorandum in the form set forth in Schedule G. annexed to the principal Act, or in a similar form, of the amount of such annual sum shall be signed by the parties or their respective agents and recorded in the appropriate register of sasines, whereupon such annual sum shall, subject to the provisions of section ten of this Act, be deemed to be a feu-duty with all the legal qualities thereof, and shall form an addition to any existing feu-duty, and the superior’s right to all casualties shall be held to be discharged: Provided always that the superior and the proprietor of the feu shall each respectively bear their own expenses of and incident to such memorandum, but the stamp duty applicable to such memorandum and the dues of recording the same in the appropriate register of sasines shall be borne by them equally.
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