I of 1089).

Power to dispose of land—(1) The Board may relain, or may lease, sell, exchange, or otherwise disposz of, any land vested in or acquired by 1t under this Act.

1. (2) Whenever the Board decides to lease orscll any land acquired by it under this Act from any person, it—
   • (a) shall give notice by advertisement in the local newspapers, and
   • (b) shall offer to the said person, or his heirs, executors or administiators, a prior right to take on lease or to purchase such land for an amount or at a rate to be fixed by the Board, if the Board considers that such an offer can be made without detriinent to the carrying out of the purposes of this Act.
2. (3) Ifin any case two or more persons claim to have the prior right referred to in clause (b) of sub-section (2), preference shall be given to the person who agrees to pay the higher or the highest amount or rate for the land not bemg less than the amount or rate fixed by the Board under that clause.