HC Deb 24 July 1913 vol 55 c2234W
Mr. MAURICE HEALY

asked the amount of the charge which, apart from the bonus, the provisions of the Land Purchase Bill impose on the Treasury?

Mr. BIRRELL

Assuming that the amount required to complete land purchase is £60,000,000, the charge imposed on the Treasury, apart from the bonus, will be 1s. 8d. per cent. on the £30,000,000 payable for sixty-two years; that is, an annual sum of £25,000 payable for sixty-two years equal to a capital sum of £654,000.