§ MR. J. DEVLIN (Belfast, W.)To ask the Secretary to the Treasury if he will state what amount of Two and three-quarters per cent. Guaranteed Irish Land Stock has been issued under the Irish Land Act of 1903 to date; what has been the total amount of the issues made to the public within this period, on what dates such issues were made, and what were the average prices received on each issue thus made; what were the flotation charges on the respective issues made by means of public subscription; what has been the total amount of this stock issued to the National Debt Commissioners; on what dates and for what amounts were such issues made, and what were the respective prices paid by them; what has been the total amount shown in detail for discount losses chargeable to date on the Irish Development Grant; and what is the amount of money the Estates Commissioners have on their hands at the present date for advances to tenants who have purchased through direct sales from landlords.
(Answered by Mr. Hobhouse.) The following statement will give the information desired by the hon. Member—
| Guaranteed Two and three-quarters per cent. Stock issued under The Irish Land Act, 1903. | ||||||||
| Date of issue. | Stock issued. | Average price of issue. | Flotation charges. | Annuity chargeable on the Ireland Development Grant in respect of each issue. | ||||
| By public tender. | To the National Debt Commissioners. | Total. | ||||||
| £ | £ | £ | £ | £ | s. | d. | ||
| 1904: 19th March | 5,000,000 | — | 5,000,000 | £87 | 12,879 | 19,820 | 1 | 5 |
| 1905: 3rd January | 6,000,000 | — | 6,000,000 | £89 8s. 8d. | 11,831 | 18,885 | 15 | 4 |
| 1906: 2nd January | — | 1,103,448 | 1,103,448 | £90⅝ | — | 3,046 | 17 | 6 |
| 26th February | — | 1,097,996 | 1,097,996 | £91 1s. 6d. xd. | — | 2,900 | 12 | 6 |
| 6th April | — | 1,000,000 | 1,000,000 | 92 0s. 7d. xd. | — | 2,590 | 10 | 5 |
| 12th June | 7,000,000 | — | 7,000,000 | £89 | 17,907 | 23,046 | 5 | 5 |
| 1907: 2nd July | — | 2,000,000 | 2,000,000 | £84¾ | — | 8,425 | 12 | 6 |
| 7th October | — | 3,000,000 | 3,000,000 | £84 17s. 11d. xd. | — | 13,499 | 7 | 0 |
| 1908: 7th April | — | 2,000,000 | 2,000,000 | £89 16s. 7d. xd. | — | 5,949 | 18 | 9 |
| 18,000,000 | 10,201,444 | 28,201,444 | — | 42,617 | 98,165 | 0 | 10 | |
| The money for advances is provided by the National Debt Commissioners as required by the Estates Commissioners. The amount at present available, including the working balance of £98,000, is £174,000. |