HC Deb 06 August 1900 vol 87 c789

I beg to ask the Chief Secretary to the Lord Lieutenant of Ireland why labourers' cottages, erected by order of the Land Commission, bearing rate of interest 3½ per cent., are required to be paid for in twenty-two years, while, at the same rate of interest, for the cottages erected by boards of guardians fifty years are allowed for repayment.


The two classes of loans are made under different Acts and on different security. Clearly, better terms can be allowed when loans have the collateral security of the rates. The maximum of fifty years is not always granted even in this number of loans having been made for a period of thirty-five years.