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IRISH LAND ACT 1909 - SECT 1

1.(1) In the case of advances made in pursuance of future purchase agreements,
three pounds ten shillings shall be substituted for three pounds five
shillings as the rate of the purchase annuity under section forty-five of the
Irish Land Act, 1903 (in this Act referred to as the Act of 1903).

(2) So far as respects advances made for future purchase agreements, the rate
of interest to be paid by the Land Commission to the National Debt
Commissioners under section thirty-six of the Act of 1903, shall be three per
cent. per annum, instead of two-and-three-quarters per cent. per annum.

(3) The National Debt Commissioners shall, in the accounts kept by them of the
Irish Land Purchase Fund, distinguish between advances made in pursuance of
pending purchase agreements and advances made in pursuance of
future purchase agreements.

© 1909 Crown Copyright

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