IMPERIAL PARLIAMENT.

Temuka Leader, Issue 2025, 27 March 1890, Page 1

IMPERIAL PARLIAMENT.

London, March 24. Mr Balfour, Secretary for Ireland, introduced the Irish Land Purchase Bill in the House of Commons to-day. He contended that it improved upon, aud was cheaper and more rapid of execution than Lord Ashbourne's Aot, The purchases would bo voluntary, and there Was no risk to the British taxpayer, though British credit was utilised. The maximum advance would bo twenty years' rent, less local rates paid by the landlord. The total amount of advances would be limited,, to £33,000,000, re. presenting the capitalised value of numerous Imperial annual grants for Irish purposes, pins £10,000,000 provided under Lord Ashbourne's Act. The money would be relent as it was repaid. He contended that the collateral securities provided rendered it impossible for the Treasury to suffer a sixpence loss. Congested districts would receive a special contribution of £1,500,000 from the Church surplus. The landlords would receive 2| per cent stocks or consols. Mr Gladstone admitted that it was a courageous policy on Mr Balfour's part, and promised that the measure should have unbiased discussion on his side of the House. The Bill was read a first time, and the seconl reading is set down for Anril 15th. l The Bill creates a Central Land Department. Payment of 4 per cent for forty-nine years ensures the freehold, A special board supervises and amalgamates holdings, and controls immigration and emigration, as well as seed supply and fisheries. Tenants pay a heavier amount for the first five years, in order to form an insurance fund and erect laborers' cottages. In other respects the Bill is similar to Lord Ashbourne's Act. It is understood that Mr Parnell and Mr Davitt are opposed to the measure. The Budget will be brought down on April 14th. The Allotment Act, 18s7, Amendment Bill baa been read a second time in the House of Commons. County Councils will administer its provisions, ]