s 2 Purchase of lands etc.
(1) The power to purchase lands conferred by section 7 of the Duchy of Cornwall Management Act 1863 is hereby extended, and shall authorise the purchase of a term of years in any land in England or Wales (including a term in reversion) whether or not the fee simple is parcel of the possessions of the Duchy of Cornwall; and in the said section 7, the words “ the Freehold of which shall be Parcel of the Possessions of the Duchy of Cornwall ” are accordingly repealed. (2) Any interest in the proceeds of sale of land is to be treated as if it were land for the purposes of the said section 7.