(!)
Where an apphcahon under sect1on 54 has been allowed and the purchase price determined under sectwn 57 by the Land Tnbunal, the cult1vatmg tenant shall deposit with the Land Tribunal to the cred1t of the Land Board,- ( z) where the purchase price is proposed to be paid in a lump, the ent1re amount due within one year ; or ( u) where the purchase price is proposed to be paid in instal ments, the fust instalment thereof within three months, from the date on wluch the penod prescnbed for preferring appeal from the orders of the Land Tnbunal has exp1red or, where there was an appeal, from the date on wh1ch the appeal was disposed of.
(2) On the deposit of the purchase pnce in a lump or of the first mstalmen t of such price, the Land Boat d shall 1ssue a certificate of purchase to the cultivatmg tenant and thereupon the right, title and mterest of the landowner and the inte1 medtanes, tf any, shall vest in the cult1vatmg tenant free from all encumbrances with effect from the datett>f such deposit. The certificate of purchase shall be conclusive proof of the purchase by the tenant of the right, title and mterest of the landowner and the mtermediary, if any, over the holding or portion thereof.
(3) Where a cultivating tenant fails to deposit the purchase price in lump or the first mstalment thereof on or before the due date, the order of the Land 1 nbunal under sect1on 57 shall stand cancelled and thecult1vatmg tenant shall continue as cultivatmg tenant.
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(4) Where the purchase price is paid in instalments, the second and subsequent instalments shall be deposited in the Government treasury in the prescribed manner to the credit of the Land Board.