Settled Land Act 1958

For the development, improvement or general benefit of the settled land, or any part thereof, a tenant for life may with the consent of the trustees of the settlement or order of the Court make a grant in fee-simple, or absolutely, or a lease for any term of years absolute, for a nominal price or rent, or for less than the best price or rent that can reasonably be obtained, or gratuitously, of any part of the settled land, with or without any easement, right or privilege over or in relation to the settled land or any part thereof, for all or any one or more of the following purposes namely:

For the site, or the extension of any existing site, of a place of religious worship, residence for a minister of religion, school house, town hall, market house, public library, public baths, museum, hospital, infirmary, or other public building, literary or scientific institution, drill hall, working-men's club, parish room, reading room or village institute, with or without in any case any yard, garden or other ground to be held with any such building; or

For the construction, enlargement, or improvement of any railway, canal, road (public or private), dock, sea-wall, embankment, drain, waterway or reservoir; or

For any other public or charitable purpose in connexion with the settled land, or any part thereof, or tending to the benefit of the persons residing, or for whom dwellings may be erected, on the settled land, or any part thereof.

All money, not being rent, received on the exercise of any power conferred by this section shall be capital money arising under this Act.