§ Mr. LONSDALE
asked the Secretary to the Treasury what is the period calculated for the repayment of an advance under the proposals of the Irish Land Bill with respect to future purchase agreements if the amount of the annuity allocated to the sinking fund is 10s. per cent. and 5s. per cent. respectively, the rate of interest in each case being 3 per cent.?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hobhouse)
An advance of £100 would be repaid by half-yearly instalments of sinking fund at the rate of 10s. per annum, accumulating at 3 per cent. interest, in 65½ years, and at the rate of 5s. per cent. per annum in 86½ years. Under the proposals of the Irish Land Bill now before the House, the amount of the annuity allocated to the sinking fund is 10s. per cent.