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Nature of Annuity.
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XLIX. Every Annuity created in pursuance of this Part of this Act shall be a Charge on the Lands comprised in the Order, having Priority over all existing and future Estates, Interests, and Incumbrances, with the Exception of Quitrents and other Charges incident to Tenure, Tithe Commutation, Rentcharges, and any Charges created under any Act authorizing Advances of public Money, or under any Act creating Charges in respect of Improvements on Lands and passed before this Act, with the Exception also in Cases where the Lands to be charged with such Annuity are subject to a Fee-farm Rent or held of a superior Landlord under a Lease, reserving Rent of such Fee-farm Rent or Rent reserved as aforesaid; and when Annuities are charged on the same Lands under the First and Third Parts of this Act, such Annuities shall, as between themselves, take effect in the Order of their respective Dates; and for the Purposes of this Section an Annuity created under the First Part of this Act shall be deemed to date from the Time of its Registration; and an Annuity created under the Third Part of this Act shall, when confirmed by an Order Absolute, be deemed to date from the Provisional Order creating the same.
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