§ MR. BUTCHER (York)
To ask the Chief Secretary to the Lord Lieutenant of Ireland whether his attention has been called to the fact that on the sales of estates under the Land Purchase Acts tithe rent-charges which are payable to the State are usually redeemed at 22½ years purchase; whereas tithe rent-charges which are payable to private owners are usually redeemed at 20 years purchase; and whether he will give the reason why this distinction should be made.
(Answered by Mr. Wyndham.) The number of years purchase for the redemption of tithe rent-charge payable to the State has been fixed by the Treasury under the 9th section of the Tithe Rent-charge Act of 1900, while the number of years purchase for the redemption of the rent-charge payable to private owners has been fixed by the Land Commission for the reasons given in the judgment of Mr. Justice Meredith in Fitzgerald Estate, I.L.R.J. (1902), p. 444, to which I beg to refer my hon. and learned friend.