New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-26
The debate was adjourned.

As II now stands and as IL win probably be accepted
by the Lords the Irish Land bin proposes that the ad-
vances shall be made by the issue OF sum Of guaran-
teed land stock equa; in nominal amount TO the ad'
vance, and accepted by the landlord as equal IN vduc
to the nominal amount. This stock, consisting Of
annutlcs yielding dividends Of e2 l5s. per annun, IS
redeemablc after thirty years, or before forty-nine
wears and to effect such redemption sinking fuhd
Is TO be created BY means OF annual sum OF Ier
cent on the nominal amount OF capital These pay
ments to the sinking fund 10 be made from the land
purchase account controlled by the Land Commission
or falling that account to be obtainCd a. temporary
advance from the Imperial Consolidated Fund
The guarantee fund consists Of cash portion and
contingent portion, the first drawn yearly from the
Irish probate duty fund. the county percentage ana
a sum OF $4,000 obtained from the consolidated funa
The contingent portion includes the Irish share oi the
customs and excise duties. the grant In AID OF IN
dustria schools maintenance of pauper unatcs, work
house schools, etc.
Coming now TO the terms Of advance the main
clause cnacts that where an advance for the pur-
chase of a holding is less than twenty umes inc
annual value Of the interest which the tenant agrees
TO buy in the holding then, during the first ve years
of the term Of the purchase annuity the annuity rom
the purchasers insurance fund shall be 80 per cent
of such annual value. When it appears that the pay
mcnt of annutes in any county has fallen into
arrears the Land Commission may cease making ad-
yances in such county until the treasury gives noce
that the advances may safely be resumed
The congested districts the subject OF Part oftne
bill and begins with Clause %, which provides that Tor
twenty years after the passing OF this act and tho
after until Parliament shall otherwise determine, tn re
shall be a board called the Congcstcd Districts Board
Of Ireland consisting Of the Chief Secretary and Oh
a member of the Land Commission whom the Lord Lieu
tenant may nominate, especially 10 represent agrl-
cultnre and forestry and of five unofficial members
Clause % says that for the purpose Of this act the
sum Of sl In this act referred to as tine Church
surpus Grant SHALL with interest at the rate OF %
per cent per annum be charged on the Irish Cnurch
Temporalities Fund. The interest on the Church
Surplus Grant Is TO be paid by the Land commission
al such times as the Treasury directs.
Clausc 80 says that where at the beginning OF this
act more than 90 per cent Of the population OF a
oouuty or in the case Of the Comfy Cork, for eech
riding thereof live IN electoral divisions Of which re
total ratablc value when divided by the number Of
the population gives sum of less than 81 Us sd per
individual those divisions shall be separated from the
county In which they geographically situated ana
form separate county. For the purpose OF ANAL
camatng small holdings, the board may give special
aid for the migration emigration Ol families.
The board is also empowered 10 PROVIDE sced pO-
tatoes and seed oats for sale to occupcrs within ds-
trcts under board administration, to aid and develop
agriculture forestry breeding of live stock and poultry
weaving spinning, fishing, construction ol piers anu
hororS suupv OF fishing boats ard ana generally
10 develop local Industries The seed sUppN j. 20 DC
given less than cost price, but the DOalu mas
The option of free distribution or abatement.