This Act may be cited as the Settled Land Amendment Act, 1922, and shall be read together with and deemed part of the Settled Land Act, 1908 (hereinafter referred to as the principal Act).

Section four of the principal Act is hereby amended by omitting from paragraph (a) of subsection one the words “forty years,” and substituting the words “sixty years.”

Where it is shown to the satisfaction of the Court with respect to the district or locality in which any settled land is situated—

the Court may, if it thinks fit, authorize generally the tenant for life, or the trustee or trustees of the settlement, to make at any time, and from time to time, leases or grants of or affecting the settled land in that district or locality, or parts thereof, for any term, or for any extension of term, at such rental and upon such conditions as to the Court shall seem meet; or the Court may, if it thinks fit, authorize the tenant for life, or the trustee or trustees of the settlement, to make any such lease or grant in any particular case.

Thereupon the tenant for life, or the trustee or trustees of the settlement, and, subject to any direction in the order of the Court to the contrary, each of the successors in title of the tenant for life being a tenant for life or having under the provisions of the principal Act the powers of a tenant for life, may make in any case, or in the particular case, a lease or grant of or affecting the settled land, or part thereof, in conformity with the order.