Act 16 Land Act 1998 (f) that the coversion shall be limited to one hundred hectares and that any area in excess of one hundred hectares shall be converted only if the Board has verified it and is satisfied that it is desirable in the public interest that it should be converted into freehold. (2) Where a lease of land exceeding one hundred hectares is converted into freehold, the owner shall pay the market value as determined by the Chief Government Valuer for the new interest before the conversion becomes effective and the money paid shall become part of the Land Fund. (3) Any sub-lease held under a lease converted in accordance with subsection ( 1) of this section shall be taken to be upgraded to a lease under the same terms, conditions and covenants. (4) Up conversion the Registrar shall endorse on the leasehold certificate of title the words - "CONVERTED TO FREEHOLD", cite the applicable law and append his or her signature. (5) Non-endorsement of the leasehold certificate of title under subsection (4) shall not affect the validity of the conversion. (6) The Registrar shall have power to ask for the production of the duplicate of the certificate of title for endorsement in accordance with subsection (4) of this section. (7) The Registrar shall endorse on a sub-leasehold deed to which subsection (3) applies the words - "CONVERTED TO LEASEHOLD," cite the applicable law and append his or her signature. (8) Subsection (5) shall, with necessary modifications, apply to a sub leasehold as they apply to a leasehold. (9) For the avoidance of doubt, the Registrar shall issue a certificate of title in respect of any sublease upgraded to a lease under this section. (10) Non-endorsem~nt shall not affect the validity of the conversion or upgrading. 35