Irish History and the Irish QuestionSmith, Goldwin
History
Irish History and the Irish Question
Smith, Goldwin
Ireland -- Politics and government; Irish question
"9. That owners wishing to sell portions of grazing land in their own
hands for the purpose of enlarging neighbouring tenancies should be
entitled to make an agreement with the tenants, and that in the event of
proposed purchase by the tenants such grazing land may be considered as
part of the tenancies for the purpose of purchase.
"10. That, in addition to the income, or capital sum producing the income,
the sum due for rent from the last rent day till the date of the agreement
for purchase and the hanging gale should be paid by the State to the
owner.
"11. That all liabilities by the owner which run with the land, such as
head-rents, quit-rents, and tithe-rent charge, should be redeemed, and the
capital sum paid for such redemption deducted from the purchase money
payable to the owner. Provided always that the price of redemption should
be calculated on a basis not higher, as regards annual value, than is used
in calculating the purchase price of the estate. In any special cases
where it may have to be calculated upon a different basis, the owner
should not suffer thereby. Owners liable to drainage charges should be
entitled to redeem same upon equitable terms, having regard to the varying
rates of interest at which such loans were made.
"12. That the amount of the purchase money payable by the tenants should
be extended over a series of years, and be at such a rate, in respect of
principal and interest, as will at once secure a reduction of not less
than fifteen per cent, or more than twenty-five per cent on second term
rents or their fair equivalent, with further periodical reductions as
under existing land purchase acts until such time as the treasury is
satisfied that the loan has been repaid. This may involve some assistance
from the State beyond the use of its credit, which, under circumstances
hereinafter mentioned, we consider may reasonably be granted. Facilities
should be provided for the redemption at any time of the purchase money or
part thereof by payment of the capital or any part thereof.
"13. That the hanging gale, where such custom exists, should be included
in the loan and paid off in the instalments to be paid by the purchasing
occupier, and should not be a debt immediately recoverable from the
occupier, but the amount of rent ordinarily payable for the period between
the date when the last payment fell due and the date of agreement for sale
should be payable as part of the first instalment.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account