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Any sums agreed or awarded for the purchase of land being ecclesiastical property as defined in section 12(3) of the Acquisition of Land Act, or to be paid by way of compensation for damage sustained by reason of severance or injury affecting such land, shall not be paid as directed by the other provisions of this Act, but shall be paid to the Diocesan Board of Finance for the diocese in which the land is situated and shall be applied for the purposes for which the proceeds of a sale by agreement of the land would be applicable under any enactment or Measure authorising such a sale or disposing of the proceeds of such a sale. ...