§ 57. Mr. HEALY
asked the Chancellor of the Exchequer if he can indicate the total value of Irish Land Stock issued under the Land Acts, 1903 to 1909; the total value of the stock since redeemed out of the Sinking Fund and the price paid therefor, as well as the value of the stock outstanding taken at the current market value?
As the answer contains a number of figures, I am circulating it in the OFFICIAL REPORT.
§ Following are the figures:
|Total nominal value of Irish Land Stock issued under the Land Acts, 1903 to 1909 (including Advances and Excess Stock, but not stock issued for the Land Purchase Aid Fund)||115,321,000|
|Total nominal value of the stock since redeemed out of the Sinking Fund||14,127,000|
|Price paid therefor||8,771,000|
|Value of the stock outstanding taken at the current market value||84,653,000|
§ 58. Mr. HEALY
asked the Chancellor of the Exchequer if the farmers in Northern Ireland who have purchased their holdings under the Land Acts, 1903 to 1909, may now be given the benefit of the higher rate of interest on the Sinking Fund than that assumed and the heavy fall in the market value of the stock, instead of waiting for years, as their present circumstances do not enable them to continue to pay the annuities at the existing rates?
I would refer the hon. Member to the reply given to him on the 25th July last. As stated in that reply, there is no power to adopt the course of action suggested in the question.