§ (1.) The Land Commission on making an advance may dispense with the whole or any part of the guarantee deposit being made or retained if they think the security for the repayment of the advance is sufficient without it.
§ (2.) The Land Commission may, if they think fit, on application, pay to the persons entitled thereto the whole or any part of the guarantee deposit made or retained in respect of advances under the Purchase of Land (Ireland) Act, 1891, except in a case where any part of the deposit has been actually applied in pursuance of the Land Purchase Acts.
§ (3.) In the case of any advance made otherwise than under the Purchase of Land (Ireland) Act, 1891, the Land Commission may pay out of the guarantee deposit to the person entitled thereto a sum equal to the portion of the advance which at the end of any decade is ascertained under the provisions of this Act to have been repaid.
§
MR. MAURICE HEALY moved, in Sub-section (3), to leave out the words—
pay out of the guarantee deposit to the person entitled thereto a sum equal to the portion of the advance which at the end of any decade is ascertained under the provisions of this Act to have been repaid.
and to insert instead thereof—
if they think fit on application at any time after the end of the first decade of the purchase annuity pay to the persons entitled thereto the whole or any part of the guarantee deposit, except in a case where any part of the deposit has been actually applied in pursuance of the Land Purchase Acts.
920
The hon. Member observed that he moved an Amendment somewhat stronger than this in Committee. This proposal was really in the interest of the landlord. It merely provided that where the tenant had faithfully paid his purchase instalment for 10 years, then the landlord should have the guarantee deposit paid to him. If the tenant purchaser went on paying for 10 years, it might fairly be taken that the State was secured, and the Amendment was one which might well be accepted.
§ MR. GERALD BALFOURwas afraid the objections which he urged in the Committee stage still held good, and that he could not, therefore, accept the Amendment.
§ Amendment, by leave, withdrawn.
§ Clause 22,—