4. Section 28 of the principal enactment is hereby amended by the repeal of subsection (1) of that section and the substitution therefor of the following subsection : --
| " (1) The amount payable to any person as the price of any house vested in the Commissioner under this Law shall -
| | (a) in a case where only one house of that person has been so vested -
| | | (i) be paid in cash, if such amount does not exceed fifteen thousand rupees; or |
| (ii) be paid in cash in respect of the first fifteen thousand rupees, and in bonds issued by the Central Bank of Ceylon in respect of the balance sum, if such amount exceeds fifteen thousand rupees; or |
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| | (b) in a case where two or more houses of that person have been so vested -
| | | (i) be paid in cash, if the total amount does not exceed fifteen thousand rupees ; or |
| (ii) be paid in cash in respect of the first fifteen thousand rupees and in bonds issued by the Central Bank of Ceylon in respect of the balance sum, if such amount exceeds fifteen thousand rupees.". |
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Sri Lanka Consolidated Acts