MR. P. O'BRIENI beg to ask the Chief Secretary to the Lord Lieutenant of Ireland if he is aware that clergymen 1147 in Ireland who wish to provide parochial houses under the Glebe Act are required to pay interest at the rate of five percent, for a loan extending to a term of thirty years; and whether he will consider the advisability of granting such loans at a lower rate of interest for a longer term?
§ MR. HANBURYThe hon. Member is mistaken in supposing that the interest on these loans is five per cent. It is only three-and-a-half per cent. The live per cent, charge covers repayment of principal as well as interest, and the period is 35 years, not 30. The terms are therefore much easier than the hon. Member appears to think.