(1) Notwithstanding anything to the contrary in any Act, the pavilion site committee may for and on behalf of Her Majesty from time to time grant a lease of the pavilion site or any part or parts thereof to the golf club trustees, to the racing club trustees or to any other person for use in association with the main reserve.
(2) A lease under this section—
(a) shall be subject to such conditions covenants exceptions and reservations as the pavilion site committee thinks fit;
(b) shall be for a term not exceeding twenty-one years; and
(c) shall be subject to approval by the Governor in Council.
(3) Any lease granted under this section may provide that the lessee shall be entitled to exclusive possession of the pavilion or portion of the pavilion at all times during the currency of the lease.
(4) Subject to section 6, the moneys received by way of rent under a lease granted under this section may be applied by the pavilion site committee towards the maintenance and improvement of the pavilion site.
(5) Subject to section 6, no person or body of persons whosoever or whatsoever shall be entitled to receive or shall receive from the Crown any money or consideration by way of compensation in respect of any improvement whatsoever or any act matter or thing under this section.