The Government shall pay the annuity payable to the mstitution every year in perpetuity on such date or dates and in such manner as may be prescribed :
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Provided that where the right, title and interest of the institution are subject to any encumbrance,-
(z) the value of the encumbrance shall be paid to the holder of the encumbrance ; and ( zz) five pet cent of the value of the encumbrance shall be deduc ted from the annmty and the balance, if any, alone shall be paid to the mstitution :
Provided further that where the value of the encumbrance is more than twenty times the annulty,-
(i) 1f there is only one encumbrance, twenty times the annuity shall be paid to the holder of the encumbrance; and
(u) 1f there are more than one encumbrance, twenty times the value of the encumbrances shall be paid to the holders thereof m the1r order of priority, and no amount by way of annuity shall be payable to the institution.
68. Vestzng of the rzghts of relzgzous, charztable or educatzonal mstztu tzons zn the Government not to operate as bar to the purchase of landlord's rzghts by cultwatzng tenants -The filmg of an applicat1on by a reltgious, chari table or educational inst1tut10n of a public nature under sub-sect1on (I) of section 66 or the vesting of the 1 ight, title and interest of the institu tion m the Government under sub-section ( 5) of the said section shall not affect the right of the cultivating tenant to purchase such right, title and interest in accordance With the provisiOn~ of sections 53 to 64.
69. Choice for annuity where cultwating tenant applw for purchase. Where a religious, chantable or educational mst1tution of a public nature receives under sectwn 57 not1ce of an application by a cultivat ing tenant for the purchase of the right, title and mterest of the institu tion, the institutiOn may file a statement w1th the Land Tribunal spec1fying 1ts choice that the right, title and interest of the institution in respect of all lands held by tenants under it may be vested in the Government and the institution be patd the annu1ty to which it is entitled under section 65. On 1ece1pt of the statement, the Land -Tribunal shall forward a copy of the same to the Government together w1th the application received from the cultivating tenant for the purchase of the right, title and interest of the landowner and inter medianes. Thereupon, the provisions of sections 65 to 67 shall apply as if the statement were an apphcat1on under sectwn 66; and orders on the apphcation of the culttvatmg tenant shall be passed only after the right, title and interest of the mstttutwn are vested in the Government.