§ MR. M. HEALYI beg to ask the Attorney General for Ireland whether Sub-sections (4), (5), and (6) of Section 5 of the Land Purchase Bill are intended to apply to cases affected by Sub-section (3) of the same section; and whether, if so, they will require some modification to make them applicable?
§ THE ATTORNEY GENERAL FOR IRELAND (Mr. MADDEN,) Dublin UniversityYes, Sir; it is intended that these sub-sections should apply to cases affected by Sub-section (3) of the same section. My examination of the clauses as drawn leads me to the conclusion that they will not require modification to make them applicable; but I will again consider the matter.
§ MR. M. HEALYI beg to ask the Attorney General for Ireland whether, in the Land Purchase Bill as it now 1625 stands, the cash portion of the Guarantee Fund is liable to be drawn on in respect of a default made in the payment of a purchase annuity, notwithstanding that the instalments in arrear have not been declared irrecoverable, though the guarantee deposit cannot be drawn on until that has been done; and whether it is intended to make any express provision as to the point when the guarantee deposit becomes liable?
§ MR. MADDENThe existing provisions of the Land Purchase Acts of 1885 and 1887 are applicable to deposits under the present Bill. Such deposits, however, cannot be made responsible for default until certain legal processes have been gone through.
§ MR. M. HEALYWhat I wish to know is whether the cash portion of the Guarantee Fund is liable to be drawn on in respect of a default made in the payment of a purchase annuity?
§ MR. MADDENYes, Sir, undoubtedly. As the Bill stands, the Guarantee Fund is made liable.