§ MR. FLAVINI beg to ask the Chief Secretary to the Lord-Lieutenant of Ireland whether he can say how many years purchase a tenant paid for his holding who bought at 20 per centum reduction under the Land Purchase Act of 1896; and whether he can say how many years purchase a tenant pays for his holding who buys at 20 per centum reduction under the Act of 1903.
MR. BRYCEThe Land Commission inform me that a tenant who bought, under the Acts of 1891 to 1896, at an annuity which represented a reduction of 20 per cent, on his previous rent (the annuity being 4 per cent.), purchased at the rate of twenty years purchase, as against 24.6 years purchase, under the 125 Act of 1903, where the annuity is 3¼ per cent. and the redaction on the rent is the same.
§ MR. FLAVINIt is really thirty-six years purchase.