The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-04-27

dowed with vitality to perpetuate itself,
and hand down its miserable inherit
ance from generation to generation.
was not clear of responsibility,
for the deeds OF the Irish landlords were
English deeds. With the power in our
hands we have looked on and done
nothing After the union absenteeism
became general. A national sentiment
failed to have beneficial influence on
the relations between landlords and
tenants The union itself was obtained
against the convictions of every class by
wholesale bribery and unblushing in
timidation.
The Land Act, Gladstone said, was in
tended to go into effect on the same day
on which the Home Rule bill would
become operative. 1t could not 90 on
without the operation OF the other, which
would provide a Legislature in Ireland,
and appoint statutory authority to deal
with the landed estates and act between
the vendor and the purchaser. Pur-
chases would be made through the
issue of G18O,OOO, 900 Of 5 per cent
stock, issued at par. These new Irish
cOnsols might, with the consent OF the
Treasury, be committed for stock of a
lower denomination. If the stock could
be issued forthwith, scrip of equal value
would be issued for the same purpose.
The Act was TO give the landlords the
option to sell out under its terms. It's
actions were confined to agricultural
holdings and did not include mansions,
having demesne and woods. The State
authorities, acting between the peasant
and the landowner, would purchase land
from the latter and put the peasant in
possession as absolute proprietor, subject
to an annual rent charge, until the total
payments equaled the purchase money.
The State could not force small occupiers
to become proprietors. In districts
where the population was congested, the
State would have the power to decide
whether appropriation of the too crowded
land should be compulsory. Nobody ex-
cept immediate landlords would have the
option to sell the encupbrancer and then
he must sell by forfeiture and not at an
option for himself. Applications to sell
would have to be made by all tenants on
an estate and all these applications and
sales would have to be registered. APP
plicants would be required to give Sc
curity for costs in certain cases. The
Land Commissioner would be en-
powered to refuse applications.
The basis of prices would depend upon
the rental for fixed prices. The judicial
rental of 1916 would be the standard III
all cases wherein the rent of land to be
sold was then fixed. In all other cases
the Land Commission would have power
to arrive at the price by comparing the
other judicial rentals with Griffith's val
uation. The Land Commission would
also be allowed to examine books con
corning estates for ten years back
Twenty years rental would a nom
inal purchase. In exceptional cases
twenty-five years. rental would make {
purchase. Applications for sale would
not be received after March 1, 1890
Ten millions of pounds of stock would be
issued during 1887, 100000 in 1888
92O, 900, 900 in 1889 and 92O,OOO,OO il
each of the two succeeding years,
When the proposals were first place.
before his colleagues he proposed toraist
el8O, 100000 Immediately. Chamber
lain and TreYelyn objected to this as ;
wholesale issue which would depreciatC
values. He therefore thanked both gen
tlemen for having given him occasion t.
reconsider that original proposition. HC
now thought it was an error to ask forth
with for anything like the outside est
mate; and believing that by appointing
a receiver for general rents, armed witt
sufficient authority to collect them, bu
without coming into contact with :,
new proprietary, the reTcI,
,1,,moboao No.. y.,.ney would be amply SCI
~ TslC -1'-.s Charge upon the Irish Exch