§ MR. PIERCE MAHONY (Meath, N.)
I beg to ask the Secretary to the Treasury whether, in the case of a loan to a landowner in Ireland under "The Relief of Distress (Ireland) Act, 1880," at an annuity of £3 8s. per cent., where the landowner is desirous of paying off the loan, the Treasury will calculate the amount to be paid according to the present value of an annuity of £3 8s. per cent. for the number of years still unexpired for which the annuity has to be paid?
§ MR. JACKSON
A landowner who has borrowed under the Relief of Distress (Ireland) Act, 1880, and who desires to redeem his loan, is allowed to do so on payment of a sum equal to the present value on a 3 per cent. table of the remainder of the annuity payable by him in respect of his loan.