- If an old building is to be sold as a consequence of the erection of a new building, an estimate of the amount which it or its materials is or are likely to realise must accompany the application for permission to erect the new building. Similarly, if an old site is to be given up the pecuniary result of its disposal must be stated. The amounts realised must be paid into the treasury and not to be used for expenditure.(c)Land Acquisition.
