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LANDLORD AND TENANT, IRELAND.

1. Labourers' Cottages, p. 154. | 2. Land Purchase Acts, p. 155.

1. Labourers’ Cottages.

AMENDED REGULATIONS, DATED APRIL 13, 1905, GOVERNING

THE ISSUE OF THE BALANCE OF THE COUNTY PER-
CENTAGE UNDER SECTION 4 (2)(6) OF THE PURCHASE OF
LAND (IRELAND) ACT, 1891.

1905. No. 510.

By the Lord Lieutenant General and General Governor

of Ireland. Dudley. Whereas Section 4 of the Purchase of Land (Ireland) Act, 1891,* contains certain provisions respecting the application of the moneys constituting the “ Land Purchase Account” established under that Section, it being enacted amongst other things that there shall be paid to the “Guarantee Fund” established under the Act an annual sum referred to as the “ County Percentage,” and that the whole or a part of such percentage not required for the purposes of the Guarantee Fund shall be paid out of that fund to the Local Taxation (Ireland) Account, and applied towards the cost of providing labourers' cottages under the Labourers (Ireland) Acts, 1883 to 1886,+ in counties as therein directed, on such terms and conditions and subject to such regulations as the Lord Lieutenant thinks expedient, save that where it appears to him, on the representation of the Local Government Board for Ireland, that the whole or any part of such percentage cannot with advantage be so applied, he may order the same to be applied as if it were part of the share of the county in the Irish Probate Duty Grant, and he may withhold or suspend the distribution of the whole or part of the said percentage when paid to the Local Taxation (Ireland) Account:

And Whereas Regulations in pursuance of the aforesaid Section for the distribution of the said County Percentage were duly made on the 29th day of April, 1895,# and were amended by Regulations made on the 10th day of May, 1897:

And Whereas the County Percentage has been abolished by Section 27 of the Land Law (Ireland) Act, 1896, and it is now deemed expedient to provide for the distribution of the unissued balance of the said County Percentage otherwise than as laid down in the aforesaid Regulations :

* 54-5 V. c. 48. + 46–7 V. c. 60 ; 48-9 V. c. 77 ; 49-50 V. c. 59. # The Regulations of 1895 as so amended in 1897 are printed St. R. & 0. Rev. 1904, “ Landlord and Tenant, I.," p. 37.

§ 59-60 V. c. 47.

Now, therefore, We William Humble, Earl of Dudley, Lord Lieutenant General and General Governor of Ireland, in exercise of the powers in Section 4 (2) (b) of the Purchase of Land (Ireland) Act, 1891,* and any other power enabling us, do hereby order and direct as follows:

(1.) The sum at present standing to the credit of any County in respect of the County Percentage mentioned in Section 4 (2) (6) of the Purchase of Land (Ireland) Act, 1891, shall be added to, and be distributed in the same manner as, the share of such County in the residue of the Exchequer Contribution provided by Section 5 (2) (6) of the same Act.

(2.) The Regulations made on the 29th April, 1895, and 10th of May, 1897, respectively, are hereby revoked.

Given at His Majesty's Castle of Dublin, this 13th day of

April, 1905.

By His Excellency's Command,

J. B. Dougherty.

2. Land Purchase Acts.

RULES AND REGULATIONS, DATED APRIL 14, 1905, MADE BY

THE TREASURY UNDER SECTION 41 OF THE Irish LAND
ACT, 1903 (3 Edw. 7, c. 37).

1905. No. 392.

The Lords Commissioners of His Majesty's Treasury, in pursuance of the powers conferred by Section 41 and other Sections of the Irish Land Act, 1903, and of every other power enabling them in this behalf, hereby, without prejudice to any further exercise of the said powers, make the following Rules and Regulations:

LAND PURCHASE ACCOUNT No. 2.

Accounts.

1.-(1.) The Land Commission shall keep in their books a Accounts. general account to be called the “Land Purchase Account No. 2," through which shall be passed all cash received and paid by the Land Commission under the Irish Land Act, 1903,

54-5 V, c. 48.

Congested
Estates.

except the income arising from investments of money paid into the Bank of Ireland under Section 24; and also the necessary subsidiary accounts for distinguishing the transactions of the Land Commission, the Estates Commissioners and the Congested Districts Board.

(2.) The Land Commission shall also keep in their books separate accounts of the sums advanced to them for the purchase of land and of congested estates; and a separate account of each purchase annuity in respect of advances in pursuance of agreements entered into after the passing of the Irish Land Act, 1903.

2. On the first day of June and on the first day of December in every year the Irish Land Commission shall make up the account showing the profit or loss on the whole of the congested estates purchased and re-sold up to date.

On the first occasion of the account showing a net loss, an annuity of 31 per cent. on the amount of such loss, within the limit fixed by Section 44 (2) of the Act, shall be set up and charged against the Vote for the Land Commission, the first payment of which annuity shall be made on the gale day next following.

When any subsequent account shows an increased or decreased net loss within the said limit, the annuity chargeable shall be increased or decreased accordingly.

Section 44.

Expenses of issue.

Section 28 (4).

IRISH LAND PURCHASE FUND.

Accounts. 3.---(1.) The expenses of issue to be provided out of any sums raised by means of the Stock shall include brokerage (if any), advertising, postage, remuneration to the Bank of England or Bank of Ireland for issuing the Stock, and such other sums as may, in the opinion of the Treasury, be properly charged against the capital sum received.

(2.) The Stock shall be taken to be issued at a premium or a discount according as the sum raised by means of the stock, after providing for the expenses of issue, exceeds or is less than the nominal value of the Stock created.

Premium and
Discount.
Section 36
(6), (7).

Constituents of Cash portion, Sections 38 and 40 (1).

GUARANTEE FUND.

Accounts.
4.-(1.) The Guarantee Fund shall be under the direction of
the Treasury, who shall keep an account of the Cash portion
of the Fund, showing separately the payments made thereto
in respect of

(a.) The Ireland development grant.
(6.) The death duty grant.

(6) and

(c.) The agricultural grant.

(d.) The Exchequer contribution. (2.) In the case of payments from the Guarantee Fund to the Ireland Development Grant Account, and the Local Taxation (Ireland) Account,

any advance which has been made to the Irish Land Charge on Purchase Fund from the Guarantee Fund for the purpose

excess stock.

Section 36 of making good any deficiency in respect of the issue of the Stock at a discount shall be deducted, first, from the Section 38. Ireland development grant; secondly, from the death duty grant; thirdly, from the agricultural grant; and fourthly, from the Exchequer contribution; and any advance for

any

other purpose shall, so far as Other
not repaid, be deducted, first, from the death duty grant; charges.
secondly, from the agricultural grant; thirdly, from the
Ireland development grant; and fourthly, from the

Exchequer contribution. (3.) Any advances to the Irish Land Purchase Fund in Repayments respect of arrears under Section 36 (4) of the Irish Land Act, of arrears, 1903, shall be a debt from that fund to the Guarantee Fund, and be repayable out of payments on account of arrears which are subsequently recovered by the Land Commission and by them paid into the Irish Land Purchase Fund.

(4.) Any advance to the Irish Land Purchase Fund for the Repayments purpose of paying the dividends on the Stock shall, so far as for dividends. not required to make good a deficiency on the income account of that fund, be a debt from the Irish Land Purchase Fund to the Guarantee Fund, and be repayable out of the income which is subsequently received.

(5.) Where any advance is made to the Irish Land Purchase Distribution Fund out of the Guarantee Fund, any sum received from the of repayIrish Land Purchase Fund for the repayment of that advance shall, save as provided by Rule 11, be credited in account so as to make good the sums used for such advance out of the funds and moneys hereinafter mentioned, and shall be so credited in the following order, namely, first, to the Reserve Fund; secondly, to the Exchequer contribution; thirdly, to the Ireland development grant; fourthly, to the agricultural grant; and fifthly, to the death duty grant.

CASH ARRANGEMENTS. 5.-(1.) On the last week-day before the first day of January Dividends. and the first day of July in every year, there shall be paid by Section 28 the National Debt Commissioners to the Bank of England or (2) and Bank of Ireland, as the case requires, from the Irish Land Section 29 Purchase Fund, a sufficient sum to pay the dividends on the

(1), (2) guaranteed 24 per cent. Stock which will become payable on the next dividend day,

(2.) Five days previously to the first day of January and the first day of July in every year, if the cash standing to the credit of the Income Account of the Irish Land Purchase Fund is insufficient to pay the said dividends and interest, the National Debt Commissioners shall certify the same to the Treasury, who shall cause an advance to be made to the Irish Land Purchase Fund out of the cash standing to the credit of the Guarantee Fund, and if that is insufficient, out of the Consolidated Fund.

(3.) Any advance so made out of the Consolidated Fund shall be as soon as possible repaid from the Guarantee Fund.

(4.) Every sum so repaid and every sum advanced out of the Guarantee Fund shall, so far as not required to make good a deficiency on the income account of the Irish Land Purchase Fund, be repaid out of that fund.

Annuities
chargeable
on Guarantee
Fund.
Section 36
(6).

6. Five days previously to the first day of June and first day of December in every year the National Debt Commissioners shall certify to the Treasury the amount of the halfyearly payments due from the Guarantee Fund in respect of Stock issued at a discount; and the Treasury shall cause the amount to be paid from that fund to the Irish Land Purchase Fund.

Payments to 7.-1.) The annual payments to the National Debt ComIrish Land

missioners under Sub-sections (1), (2), and (3) of Section 36 Purchase Fund. of the Irish Land Act, 1903, shall be made by the Land Section 36 Commission in half-yearly instalments on the twenty-first (!), (2), (3), day of June and the twenty-second day of December in each (5).

year.

Payments in
arrear.
Section 36
(4).

Provided that the Land Commission shall, so far as practicable, every day pay over to the Irish Land Purchase Fund at the Bank of England on account of such annual payments all money received by them on account of half-yearly payments from purchasers.

(2.) On the thirty-first day of January and the thirty-first day of July in every year, the Irish Land Commission shall ascertain the amount of the said annual payments in arrear, and shall forthwith certify that amount to the National Debt Commissioners; and the Treasury, on being furnished with a certificate from the National Debt Commissioners of the amount so in arrear, shall cause an advance of such amount to be made to the Irish Land Purchase Fund out of the Guarantee Fund.

(3.) All half-yearly payments due from purchasers which have not been received by the thirty-first day of January and thirty-first day of July immediately following the gale day on which they became due, and all half-yearly payments in respect of rents due before the thirty-first day of January

Application of recovered arrears,

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