s. 54 whether the payments are usually made or declared at a fixed time or otherwise but does not include payments in the nature of a return or reimbursement of capital; includes rent service, rent charge and rent rents seck and all periodical payments or renderings in place of or in the nature of rent. (2) For the purposes of this Division the divisible revenue referred to in the definition of dividends is to be taken to have accrued by equal daily increment during and within the period for or in respect of which the payment of the revenue is declared or expressed to be made. (3) Nothing in this Division renders apportionable any annual sums made payable in any policies of assurance. (4) This Division does not extend to any case in which it is expressly stipulated that no apportionment is to take place. No. 6387 s. 73. 54 Rents etc. to accrue from day to day and be apportionable All rents, annuities, dividends and other periodical payments in the nature of income (whether reserved or made payable under an instrument in writing or otherwise) are to be considered as accruing from day to day and are apportionable in respect of time accordingly. 55 Time when apportioned part is to be payable No. 6387 s. 74. The apportioned part of any payment referred to in section 54 is payable or recoverable— (a) in the case of a continuing payment, when the entire portion of which the apportioned part forms part becomes due and payable; and
whether the payments are usually made or declared at a fixed time or otherwise but does not include payments in the nature of a return or reimbursement of capital; rents includes rent service, rent charge and rent seck and all periodical payments or renderings in place of or in the nature of rent. (2) For the purposes of this Division the divisible revenue referred to in the definition of dividends is to be taken to have accrued by equal daily increment during and within the period for or in respect of which the payment of the revenue is declared or expressed to be made. (3) Nothing in this Division renders apportionable any annual sums made payable in any policies of assurance. (4) This Division does not extend to any case in which it is expressly stipulated that no apportionment is to take place. No. 6387 s. 73. 54 Rents etc. to accrue from day to day and be apportionable s. 54 All rents, annuities, dividends and other periodical payments in the nature of income (whether reserved or made payable under an instrument in writing or otherwise) are to be considered as accruing from day to day and are apportionable in respect of time accordingly. No. 6387 s. 74. 55 Time when apportioned part is to be payable The apportioned part of any payment referred to in section 54 is payable or recoverable— (a) in the case of a continuing payment, when the entire portion of which the apportioned part forms part becomes due and payable; and
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