Investment of money deposited in respect of lands belonging to persons incompetent to alienate

(1) If any money shall be deposited in court under sub-section (2) of section 22 and it appears that the land in respect whereof the same was awarded belonged to any person who had no power to alienate the same, the court shall (a) order the money to be invested in the purchase of other lands to be held under the like title and conditions of ownership as the land in respect of which such money shall have been deposited (b) if such purchase cannot be effected forthwith, then in such Government or other approved securities as the court shall think and shall direct the payment of the interest or other proceeds arising from such investment to the person or persons who would for the time being have been entitled to the possession of the said land and such moneys shall remain so deposited and invested until the same be applied— (i) in the purchase of such other lands as aforesaid; or (ii) in payment of any person or persons becoming absolutely entitled thereto. (2) The court may, if it thinks fit, at the expense of the Government, pay the costs of (a) the cost of such investments as aforesaid; (b) the costs of the orders for the payment of the interest or other proceeds of the securities upon which such moneys are for the time being invested, and for the payment out of court of the principal of such moneys, and of all proceedings relating thereto, except such as may be occasioned by litigation between adverse claimants.