§ 9. Sir WALTER NUGENTasked what machinery exists in Ireland which would enable small farmers with a judicial valuation or rent under £11 13s. 4d. per annum to obtain loans for building purposes; and whether, if no such machinery now exists, he will consult with the Irish Board of Works as to how the very urgent demand for such loans could best be met?
§ Mr. BIRRELLI have consulted the Board of Works in this matter, but they cannot suggest any machinery which would enable judicial tenants whose rents are less than £11 13s. 4d. to obtain Government loans for building purposes. The extent to which a judicial tenant can borrow from the Board is limited to three times his rent, and the smallest loan under the Land Law (Ireland) Act, 1881, which is at present permissible is £35. The former limitation is necessary for the security of the loan, and the reduction of the minimum of £35 would not facilitate building to any appreciable extent.
§ Sir W. NUGENTWill the right hon. Gentleman consider this question of loans to small farmers when introducing his Labourers Bill?
§ Mr. BIRRELLYes, of course, it will facilitate building, though it is a very small sum.