HC Deb 08 May 1908 vol 188 cc559-61
MR. J. DEVLIN

To ask the Secretary to the Treasury what has been the total amount received and credited to the Sinking Fund Account under the Land Purchase Acts previous to the Act of 1903; what has been the amount for the credit of this account from the year 1891 to 1907, both years inclusive, and what have been the respective amounts received in each of the years covering this period; to what purpose has this fund been applied; if invested in Two and three-quarters per cent. Guaranteed

I.—Sinking Fund Account under the Land Purchase Acts of 1891 and 1896.
Year ending 31st March. Amount received for credit of Sinking Fund. Application of Sinking Fund. Amount of accumulated Sinking Fund at close of each Year. Stock can-cancelled by redemptions in Year.
Land Stock. Cash. Land Stock purchased. Average price. Cash paid.
£ £ £ £ £ £ £
1893 — 50 50 Par 50 — 40
1894 — 2,560 2,568 99.69 2,560 2,380 214
1895 — 10,883 5,516 100.87 5,564 12,762 486
1896 — 22,198 25,467 108.04 27,516 31,525 1,492
1897 — 29,143 25,930 112.39 29,142 56,002 1,672
1898 10 36,104 32,022 112.75 36,105 86,882 1,357
1899 — 49,849 45,007 110.76 49,849 128,181 3,982
1900 125 69,658 66,754 104.22 69,568 192,772 2,807
1901 — 93,109 94,111 98.8 92,983 286,156 1,474
1902 32,006 126,079 134,642 93.42 125,786 412,863 41,034
1903 22,954 158,375 168,353 94.32 158,794 562,088 42,700
1904 72,669 177,721 177,162 99.91 177,007 650,315 162,835
1905 84,033 185,904 194,138 96.18 186,707 724,253 203,993
1906 169,398 185,936 203,215 91.5 185,936 836,344 261,253
1907 93,324 187,465 210,959 88.5 186,656 973,100 169,256
474,519 1,335,034 1,385,894 — 1,334,223 — 894,595

Irish Land Stock, what has been the amount invested and the average price paid for it in each of the years mentioned; what has been the total amount of the Sinking Fund Account to date under the Irish Land Act of 1903; what have been the respective amounts credited to it in each of the years from 1904 to 1907, both years inclusive; and to what purpose has it been applied.

(Answered by Mr. Hobhouse.) The following statements will give information desired—

II.—Sinking Fund Account under the Irish Land Act, 1903.
Year ending 31st March. Amount received for credit of Sinking Fund. Application of Sinking Fund. Amount of accumulated Sinking Fund at close of each Year. Stock cancelled by redemptions in Year.
Loans to Capital Account for further Advances (Section 36(2). Guaranteed Two and three quarters per cent. Stock bought.
Stock. Average price. Cash paid.
£ £ £ £ £ £ £
1904 10,039 4,000 5,952 89.47 5,325 9,452 1,214
1905
1906 37,702 38,000 — — — 44,817 2,337
1907 73,056 61,600 12,500 88.72 11,090 112,689 6,594
120,797 103,600 18,452 — 16,415 — 10,145