81. Mr. COOTE
asked when the moneys derivable from sales of estates under the Wyndham Act, dating as far back as 1906, will be paid?
§ Mr. MACPHERSON
Sales under the Wyndham Act in respect of which advances have not yet been made amount to about £11,500,000, of which £11,250,000 will be payable in cash, and the balance in guaranteed 2¾ per cent. stock. Advances in those cases are being made continuously in accordance with the priority regulations, and assuming that cash is placed at the disposal of the Estates Commissioners by the Government as required, and provided that vendors comply with the requirements of the Commissioners as to title and other matters, without unnecessary delay, the Commissioners anticipate that the advances in these pending sales will be completed within three years.