HC Deb 22 June 1903 vol 124 cc80-1
MR. POWER (Waterford, E.)

To ask the Chief Secretary to the Lord Lieutenant of Ireland whether his attention has been called to the Resolution adopted by the Kilmacthomas, Carrick-on-Suir, and other Boards of Guardians in Ireland, declaring that, owing to the reduction of the interest on the British National Debt from 3 per cent. at time of purchase to 2½ per cent., the tenant purchasers under the Ashbourne Acts are now paying 10s. per cent. more than they equitably should; and whether he will accept or insert a Clause in the Land Bill to deal with this matter.


Advances under the Ashbourne Acts were made by the issue of Local Loans Stock which carried, and still carries, a 3 per cent. dividend. This is not affected by fluctuations in the dividends on Consols.


When will the stock be redeemable?


I think in 1912.