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Land Purchase, Northern Ireland

Volume 236: debated on Monday 10 March 1930

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asked the Home Secretary what has been the cost to date of carrying out the provisions of the Northern Ireland Land Act, 1925; how much of this cost is represented by the purchase consideration for estates which have been sold; how much represents the cost of management under the Act; and how soon it is anticipated that the scheme of land purchase under the Act will be completed?

The cost as represented by bonds and cash advanced for the purchase of holdings under the Act of 1925 amounts to £3,504,828, and the estimated bonus on this sum amounts to £382,000. The amount actually allocated by the Land Purchase Commission is £2,262,626. The cost of management to the end of February, 1930, was £264,000. The work of vesting lands in the Commission will be substantially completed about two years hence; a further period will be required to complete the supplementary operations.