§ MR. O'SHAUGHNESSYTo ask the Chief Secretary to the Lord-Lieutenant of Ireland if he can say what is the procedure to be adopted by a tenant farmer in Ireland to acquire a loan from the Board of Works for the purpose of building a dwelling-house on his land; at what rate per cent. is the money repayable; and under what Act of Parliament has the Board power to advance money for the purpose.
(Answered by Mr. Runciman.) The procedure is for the farmer to write to the Secretary of the Board stating that he desires to obtain a loan, when full directions will be sent him. Loans are repayable in twenty-two years at a rent-charge of £6 10s. per cent., which includes interest at £3 8s. 3d. per cent. The Acts of Parliament under which loans of this class are made are 10 Vict., c, 32, and 44 and 45 Vict., c. 49. I will send the hon. Member a pamphlet giving further details.