Section 4. Payment of annuity in lumpsum.

With the abolition of annuity pertaining to the Gauripur (Gholla) Estate and the extinguishment of all rights, liabilities and obligations or of any claim for payment of annuity under Section 3, there shall be paid by the State Government to the proprietors/Zamindars of the said estate or to other person who, at any time before the commencement of this Act, was recognised as the proprietor/Zamindar of the said estate or any person who, at any time before such commencement was recognised as the heirs, successors, executors and assignees of such proprietors/Zamindars, as the case may be , for such abolition and extinguishment, a sum of one lakh forty-three thousand two hundred eighty-eight rupees in lumpsum being twenty times the value of the annual annuity pertaining the said estate.