§ MR. FLAVINI beg to ask the Chief Secretary to the Lord-Lieutenant of Ireland whether he can state the number of years purchase paid by a tenant under the Purchase Act of 1896 who bought his holding at a reduction of 20 per cent, on the rental; and whether he can state the number of years puvchase paid by a tenant under the Act of 1903 who bought his holding at 20 per cent, reduction on rental.
§ MR. WALTER LONGIn the case of a purchase under the Land Purchase Acts, 1891 to 1896, when the annuity amounted to 20 per cent, less than the rent, the purchase money represented twenty years purchase of the rent. In the case of a purchase under the Act of 1903, the purchase money, under the same conditions, represents a little over twenty-four and a-half years purchase of the rent.
§ MR. FLAVINsaid the hard fact remained that the average price of land 974 had been raised from seventeen years to twenty-four years purchase.
§ MR. LAMBERT (Devonshire, South Molton)Does the twenty-four years include the bonus?
§ MR. KILBRIDE (Kildare, S.)No, the bonus is added.