§ Mr. O'SHEEasked the Secretary to the Treasury whether it is intended by Section (2) of Clause 3 of the Irish Land Bill that if the market price of the 2¾ per cent. Stock on the day of issue is not below £92, the vendor will obtain an amount of stock equivalent, if sold for cash at the price of the day of issue, to the full purchase money; and whether, if the stock is below the price of £92 on the day of issue, the vendor will obtain £l,086 19s. stock for every £1,000 of purchase money?
§ Mr. HOBHOUSEThe answer to both parts of the question is in the affirmative.