Upwards of 731 tenants purchased under this Act, and the advances made amounted to £240,801. These included advances to 405 tenants on seven estates bought under the Act (Section 26) by the Land Commission in the Landed Estates Court. The Purchase of Land (Ireland) Act, 1885 (the “Ashbourne Act”). Under this Act—commonly known as the “Ashbourne Act”—a sum of £5,000,000 was authorised to be advanced to the Land Commission to enable sales to be carried out between landlords and tenants by agreement, and to enable the Land Commission to purchase estates in the Landed Estates Court for the purpose of re-selling them to the tenants. The Land Commission was empowered to advance the entire of the purchase-money subject to the retention of one-fifth by way of guarantee deposit for a period of about seventeen and a half years, by which time an equivalent amount of the capital advanced had been repaid by means of the sinking fund. This deposit could be utilised if the tenant purchaser made default in his repayment, and if the amount in default could not otherwise be recovered. Thus the landlord vendor was made a guarantor for the repayment of the annuity by the tenant purchaser. (Section 3.) The advances made under this Act were to be repaid by annual instalments (which included interest and sinking fund), extending over a period of forty-nine years. In 1888, the £5,000,000 given under the Act of 1883 being practically exhausted, an additional sum of £5,000,000 was advanced to the Land Commission for the purposes of land purchase (51 and 52 Vic., c. 49). Under the “Ashbourne” Acts 25,367 tenants (on 1,355 estates) became purchasers of their holdings, and the loans made amounted to £9,992,536. The rate of sale was seventeen years’ purchase of the rents. (Report of the Irish Land Commission, 1902, p. 89.) Under these Acts 101 estates were purchased in the Landed Estates Court for re-sale to tenants, and loans were issued to 2,029 tenants, amounting to £531,277. Purchase of Land Acts, 1891 and 1896 (the “Balfour Acts”).