(AMENDMENT).

Repeals s. 13.

Amends s. 15.

Exemption of settlement areas from penalty tax.

Commencement.

Board from time to time for any of the purposes authorized by this Act.

"(2.) The Minister of Finance may direct that any principal moneys collected or received by the Board shall be refunded to the Consolidated Revenue Fund in reduction of the Board's advance account."

4. Section 13 of said chapter 128 is repealed.

5. Section 15 of said chapter 128 is amended by adding thereto the following subsection:

"(2.) If at the end of any calendar year there is found to exist a deficiency in the Reserve Fund for the payment of losses, such deficiency shall be paid out of the Consolidated Revenue Fund, which last-mentioned fund shall be reimbursed whenever sufficient funds have accrued to the Board's Reserve Fund and are available for such reimbursement."

6. No penalty tax under section 53 of said chapter 128 shall hereafter be imposed on any land within any settlement area heretofore established under section 46 of said chapter; but nothing in this section shall prejudice or affect the collection and recovery of any such tax heretofore imposed and now remaining unpaid and delinquent.

7. The amendments of said chapter 128 enacted by sections 2 and 3 shall come into effect on the first day of January, 1926.

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.

1925.

H

CHAPTER 24.

[Assented to 19th December, 1925.]

IS MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

R.S.B.C. 1924, c. 131.

1. This Act may be cited as the "Land Act Amendment Act, Short title. 1925."

2. Section 55 of the "Land Act," being chapter 131 of the Amends s. 55. "Revised Statutes of British Columbia, 1924," is amended by inserting after the word "waterworks," in the third line, the words "or to any corporation of which a city municipality is a member owning and operating a system of waterworks"; and by inserting after the word "municipality," in the sixth line, the words "or the corporation."

3. Section 82 of said chapter 131 is amended by inserting after Amends s. 82. the word "waterworks," in the second line, the words "or to any corporation of which a city municipality is a member owning and operating a system of waterworks"; and by inserting after the word "municipality," in the fourth line, the words "or the corporation."

4. Said chapter 131 is amended by adding thereto the following Enacts s. 145. as section 145:

"145. (1.) There shall be established in the Treasury an account to be known as the Crown Property Development Account,' into which shall be paid:

"(a.) Such amounts as the Lieutenant-Governor in Council from time to time directs from moneys available therefor under

6

the British Columbia Loan Act, 1925,' or by vote of the
Legislature:

"(b.) Such amounts derived from the disposition under this Act of lands in respect of which expenditures have been made under subsection (2) as are necessary to repay to the said account all sums paid thereout under subsection (2). "(2.) The Minister of Finance shall make payments out of the said account upon vouchers certified by the Minister of Lands to meet expenditures incurred with the approval of the LieutenantGovernor in Council in the improvement, development, and fitting of Crown lands within municipal areas for occupation and use. "(3.) The moneys at any time standing at the credit of the said account, and not required for any of the purposes of subsection (2), shall be paid into the Consolidated Revenue Fund upon the Order of the Lieutenant-Governor in Council."

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.
1925.

H

CHAPTER 25.

An Act to amend the "Legal Professions Act."

[Assented to 19th December, 1925.]

IS MAJESTY, by and with the advice and consent of the
Legislative Assembly of the Province of British Columbia,

enacts as follows:

R.S.B.C. 1924, c. 136.

1. This Act may be cited as the "Legal Professions Act Amend- Short title. ment Act, 1925."

2. Section 85 of the "Legal Professions Act," being chapter 136 Repeals s. 85. of the "Revised Statutes of British Columbia, 1924," is repealed.

VICTORIA, B.C.:

Printed by CHARLES F. BANFIELD, Printer to the King's Most Excellent Majesty.

1925.