§ Mr. LONSDALEasked the Chief Secretary if he will state the total amount of the bonus paid in respect of advances made by the Land Commission up to 1st July, 1909; the total amount of 2Þ per cent. Stock created for the purpose of providing cash for such bonus; the total amount of purchase money represented by pending agreements at the date named, upon which the 12 per cent, bonus would be payable, 1323W the amount of cash required to pay the bonus on these pending agreements; and the amount of 2Þ per cent. Stock which it will be necessary to issue for that purpose?
§ Mr. BIRRELLThe total amount of bonus paid to the 1st instant is £3,055,124, which, calculated at the average price of the stock already issued, would represent £3,466,807 7s. 6d. stock. The purchase money applied for in pending agreements in direct sales entered into prior to the revision of the bonus percentage and lodged in the Land Commission up to the 1st instant amount to £48,706,995, and, calculated on the basis of the price of the last issue of stock, £6,796,324 8s. 4d. stock would be required to pay a bonus of 12 per cent, thereon.