"This course was not taken. In 1891 Parliament was asked to make a much larger grant. Over thirty millions were voted, but coupled with conditions which made the money useless." Mr. Balfour's act, the Purchase Act of 1891, was extremely complicated. Under it Ireland was entitled to draw upon Imperial credit to the extent of L33,000,000. The rate of interest payable by the purchasers was substantially the same as under the acts of 1885 and 1888, the period of repayment in the three cases being forty-nine years. But a change was made in the method of payment to the landlord. Previous to 1891, he had been always paid in cash. Under the Balfour Act he was paid in guaranteed land stock. There were many complicated provisions in regard to the creation of a guarantee fund, an insurance fund, and other safeguards. The complexity of the measure and the procedure under it, and the consequent delays in completing any transactions in a reasonable time, acted as a deterrent to intending purchasers and the act was virtually a failure. At this point it is well, perhaps, to summarize the results of the working of land purchase under the acts already dealt with. We have seen that a total sum of (say) L44,000,000 was made available by the various acts for land purchase. Out of this a total sum of L21,182,268 has been expended, leaving about twenty-three millions still available. Under all the acts up to and including that of 1891, 62,241 tenants purchased their holdings, 6057 under the Church Act, 877 under the Land Act of 1870, 731 under the Act of 1881, 25,368 under the Purchase Acts of 1885 and 1888, and the balance of about 30,000 became purchasers by means of the Act of 1891. Numerous and extensive as these operations were, it is satisfactory to note, and it redounds to the credit of the Irish people, that Mr. Wyndham, when introducing his Land Bill of 1902, was able to assure the House of Commons that Irish Land Purchase had this one merit that the State had incurred no loss under it and was exposed to no risk. In no case did an Irish tenant break his bargain. There was no case of bad debt to mention.