12 Application of mineral rents, etc.
Universities and College Estates Act 1925 (1925 c 24) | Legislation

12  Application of mineral rents, etc.

The net rents, tolls, duties, royalties, and reservations which may be received by a university or college, for or in respect of any mining lease to be granted under this Act or any enactment hereby repealed, shall be applied and disposed of by the university or college in manner following; (that is to say),—

(a)     one equal third

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