(1)

Improvement expenses [* * * * * * * *] [The words were deleted by Bombay 76 of 1948, Section 34.] shall be recoverable in instalment of such amount not being less for any premises than twelve rupees per annum, and at such intervals as will suffice to discharge such expenses together with interest thereon at the rate of six per centum per annum within such period not exceeding thirty years as the Commissioner, with the approval of the corporation, may in each case determine.

(2)

The said instalments shall be payable by the occupier of the premises [on which the expenses and interest thereon] [These words were substituted for the original by Bombay 76 of 1948, Section 34.] are so charged or, in the event of the said premises becoming unoccupied at any time before the expiration of the period fixed for the payment of such expenses or before the same, with interest as aforesaid, are fully paid off, by the owner for the time being of the said premises, so long as the same continue to be unoccupied.