§ (1) Where an agreement for the purchase of a holding is made after the commencement of this Act, and the Land Commission have sanctioned an advance for such purchase, the purchaser shall be discharged from all liability to the vendor in respect of any liabilities affecting the holding at the date of the agreement, including all rent and arrears existing at such date; but if the advance is refused 927 the agreement shall he void, and the tenant shall he liable to pay rent as it from the gale day prior to such refusal.
§ (2.) Interest at the rate agreed on, on the purchase money from the date of the said agreement until the day from which the purchase-annuity begins, shall he payable half-yearly on the first day of May and first day of November by the purchaser, and shall he paid to, and be collected and recoverable by, the Land Commission, in like manner as if it were an instalment of the purchase annuity charged upon the holding, and when received by them shall be paid to the person in receipt of the rent at the date of the agreement or such other person as may prove himself to he entitled thereto, and if the advance is refused shall, unless the agreement otherwise provides, be allowed by the landlord to the tenant as a payment on account of rent.
§ MR. GERALD BALFOURasked the, House to go back on a decision of the Committee. In Committee they inserted the words in Clause 26 "from the gale day prior to such refusal" [printed above in italics]. He proposed that the words of the original clause, "as if the agreement had not been made," should be restored, the effect of which was that if the advance was refused the parties would be in the same position as if negotiations had not taken place at all.
§ Amendment agreed to.
§ MR. SAMUEL EVANS (Glamorgan, Mid) moved the adjournment of the Debate.
§ * MR. SPEAKERrefused to put the Motion, on the ground that a similar Motion was made only a short time before, and was not supported by a single Member. [Cheers.]
§ Clause 29,—