The Bridgeport evening farmer., 1912-01-06

Intelligence. pubIished by the Inter national Institute of Agriculture Although facilities for Land Pur-, chase had been provided by several previous acts. the first Act primarily intended to encourage Land Purchase was the so-called "Ashbourne Act passed in 1885. Under this Act the whole of the purchase-moneys was advanced, being made repayabIe in 40 years by annuities of 496s As an 1nducement to the landlords 70 Sell their estates the purchase money was paid to them in Land Stock which. at the time of the passing of the Act stood at "a high premium subse- quently, however, the value of the Land Stock fell much below par and Land Purchase came almost to g standstill.
 later, of which the most impertant was that of fs1903, known aS the 'fWyndhanaS Act This Act eneoHr- aged the tenants to purchase by eS tending the period of repayment to 6S E years and reducing the annuity to IA per eept- By this means 1t was made possible for the annuity charge to be considerably lower than the rent paid by the tenant previous to the purchase-agreemen Indeed the Act insisted, as condition of advances being made, that the price agreed upon should be such that the annuity charge would be not less than 20Go or notsiess L11an rho f5o-he1uET stkle existing rent according as the holding
 
 before or subsequent to 1886.
 The tsWyndham Act" further con tained important provisions for in ducing the landlords to sell their es- tates. The purchase price was paid to them in cash instead of stock, and they received, in addition to the pur- chase-price,s a bonus of 1ze6 asAa=gift from the State. They were also re- Heved froIn-neaFIy ~tfle= 1ega1 sxs- penses connected with the sale Spe- cial inducements were also offered to l6I receive the bonus in full equally with absolute owners
 To carry out the provisions of the 'FWyndham Act, a Spec1a1 aoTn1nIS trative body was created known as the Estates Commissioners who were also given wide powers of purchasinG estate for re-sa fessto tenants
 The fall in the price of the stock by VTIieIf-Elfe- money VFS3S5-4eG4sea- advancing to purchasing -tenants made it necessary to pass an amend annuity charge was raised to E Scs the fixed bonds to landlords of 129o was replaced by bonus varying from 8 to 1Sco according to the number Of years purchase of the rent represent ed by the purchase-price, and in eer- tain cases it was provided that pay ment of the purehase-money should be made in Land Stock.
 Under the Acts previous to the ssAshbourne Acf more than Iss9o tenants became possessors of ~tdeir Acts progress was much more rapid The amount advanced under tna ~Ashhourne Act,' and that of 1888 was f9, ,e92, ,536; under the Acts of 1881 and 1896. E1S,145.T62; while up to March 31st, 1910, the amount ad- vanced under tEie Wyndham Act ana the Act of 1909 was ES3, ,907s456- This Ngives a total of E56, ,045.7 ad- vanceds ua der various Land Pur-
 The work Of transferring the land in Ireland from the landlord to the occupier is still progressing steadily but as the *sVyndham Act author ized advances amounting to f100,- 900, 060 ample provision has been made for all the loans likely to be required for some time to come.
 Summarized from the Bulletin Of Social and Economic Intelligence, Year II. No. 10, August 31st 1911, published by the International Insti- tute of Agriculture.1