New South Wales Consolidated Acts New South Wales Consolidated ActsThe following provisions shall apply in any case where land within the irrigation area constituted under the Wentworth Irrigation Act is held under lease as an irrigated lot from the Commission and such lease is, immediately prior to the expiration thereof, subject to any mortgage charge or lien in favour of the Rural Bank of New South Wales:
(a) on the expiration of the said lease the Commission shall grant to the lessee thereunder a further lease of the said irrigated lot on such conditions as the said Commission may determine,
(b) the further lease so granted shall be subject to such mortgages, charges or liens as were existing in respect of the expired lease immediately prior to its expiry to the like extent to which the expired lease was subject to the same, and the Rural Bank of New South Wales or other person entitled to the benefit of any such mortgage, charge or lien may exercise its rights under such mortgage, charge or lien as if the same had been given or executed in respect of the further lease.