COLONELWARING (Down, N.)asked Mr. Solicitor General for Ireland, Whether there was anything in the recent decision as to the rate of interest payable to a vendor pending the proceedings for a sale under Lord Ashbourne's Act which would render it illegal to provide by contract for a higher rate than 3⅛ per cent?
THE CHIEF SECRETARY FOR IRELAND (Mr. A. J. BALFOUR)(who replied) said (Manchester, E.)I am advised that the case referred to in the Question of the hon. and gallant Member was one in which the rate of interest was not fixed by contract. There is nothing to prevent landlord and tenant entering into any contract they please as to the rate of interest payable pending completion of the sale.