The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1903-03-28
paid to a landlord class, make it pos

SlDle IOf irish 1000 producers 10 pay
the burden which this bill will place
on their industry for the next sixty
years. AS whole, l think our friends
in the United States, who have done
so much to help us bring this fight
for Irish land to the present somewhat
hopeful outlook, will follow the exam
pie of our leaders, and reserve their
opinion on the merits of the measure"
T. P. O'Connor, in his statement
says:
II believe that the bill will go into
committee. That is to say, there is
sufficient good in it to make it difficult
If not impossible-for the national
lists to reject it. One hundred million
pounds of English credit and some
thing like Els, 100000 in bonus are
given to substitute peasant ownership
for landlordism. 1t is true that Ire
land will subscribe her share of the
f15,00O,OOO bonus; true that purely
Irish fund will have to pay portion
of the bonus; true that the financial
grievance of undue Irish taxation re-
mains, but Ireland is not mistress Of
her revenues. Her appeals for tinan-
cial redress have been in vain, and
probably this is the one way in which
relief of her financial grievance can
be obtained"
The Irish land bill from the outline
given by Mr.. Wyndham, may be sum-
married as follows:
A new department of the Irish land
commission is established, called "the
estate commissioners" who are under
the control of the lord lieutenant of
Ireland. They will decide what cons
titutes what are estates and they may
refuse their sanction to the sale of
poor and non economic holdings, I'M
less adequate facilities are given
Herewith.
Separate bargains for the purchase
of single holdings may continue under
the existing law. Where estates are
sold, the agreements are to be sane
toned by the commissioners under
| fixed scale based ON judicial rent.
This is outside the congested area
where the scale limits do not apply.
Estates may be purchased by bar
gaining between landlords and ten
ants subject to the approval of the
commissioners.
1t is also provided that sales may be
made to others who are not tenants
now but who within the past twenty
five years have been tenants in Ire
land. The commissioners may them
selves purchase estates and improve
and sell them again.
The bill goes generally into close de-
tail as to the method of purchase, IT,
ties, etc. AS soon as the estate is
vested in the tenants or the commits
sioners the interest on the purchase
money is to be paid to the vendor at
the rate of 3 10 per cent until fixed
day called 'closing day." after which
day interest at the rate of 3-4 per
cent will be paid until the claims are
proved and the money distributed.
If there is any inexcusable delay
on the part of the vendor the interest
may be withheld. The vendors will
be paid in cash, in order to raise
which, new stock will be issued bear
ing dividends of 34 per cent.
If any expense is incurred in issuing
the stock on account of the discount,
extra stock will be issued and repaid
by the new grant to be made to Ire
land as an equivalent to the grant
made under the English education
act.
If the stock is issued as a premium
the surplus will be issued to reim-
burse the new grant which will also
be charged with $4,000 annually for
the first four years to meet the ex-
pense of floating the stock.
The annual payment of the purchase
will be seven-eighths as terminable
annuity and one-eighth as perpetual
rent charge. The price paid to the
vendor will be ascertained by capital
izing the annuity at 3 IA per cent
and the rent charge at "a per cent.
In order to facilitate the transfer of
the land grant in aid will be made
of f12,OOO,OOO which will be employed
as follows:
A percentage graduated inversely on
the amount Of the purchase price will
be paid to the vendor, the maximum
for estates valued ut $4,000 and under
will be Is per cent, the minimum for
estates of 100000 or over will be
per cent.
1t is provided that no registration
fees shall be charged and no stamps
charged on conveyances.
If the proprietor subjects Or subdi-
vides the lands, becomes bankrupt,
dies or leaves his land to more than
one person the commission may order
the land to be sold.
The legal business connected with
the proof of title will be carried on
by the land commission, and cheap
er process will be introduced for fix
ing the rents, appeals being heard by
a judicial commissioner.
The bill, which is in seven sections
and many subsections and headings
will II is understood, be circulated on