HC Deb 12 May 1915 vol 71 cc1659-60

asked the Secretary to the Treasury whether instructions have been issued to the Estates Commissioners to limit in every instance to £3,000 advances to purchasing tenants; and, if so, whether an arrangement could be made whereby, when a vendor was willing to accept payment in stock at its face value for the sum in excess of £3,000 and where the issue of such stock would cause no loss to the Treasury, he will, in order not to throw back land purchase, consider the advisability of part payment in cash and stock?


I have been asked to answer this question. The answer is in the negative.

83. Mr. P. WHITE

asked the Secretary to the Treasury whether he is aware that vendors of land to purchasing tenants where the price exceeds £3,000 are in some cases pressing the tenants for the excess amount in cash, plus a bonus on the amount, and threatening, if it is not forth-coming, to declare the sale off; and whether, having regard to the harshness of such a course during War time, he will suggest to the Commissioners to discountenance such proceedings until the War is over and the money market resumes its normal condition?


In cases where the landlord and tenant have agreed for the sale of a holding under the Land Purchase Acts for a sum exceeding £3,000, and the Estates Commissioners are only prepared to sanction an advance of £3,000, the provision of the excess is a matter for arrangement, between the parties and is not one in which the Estates Commissioners can interfere.

Forward to