Previous Page  105 / 132 Next Page
Information
Show Menu
Previous Page 105 / 132 Next Page
Page Background

MAR., 1909]

The Gazette of the Incorporated Law Society of Ireland.

97

including any lands in hands, re-arrange the

holdings, and make them economic. In many

such cases the vendor has, at the request of

the Commissioners, agreed

to adopt this

course two or more years ago, on the mutual

Understanding that a 12 per cent, bonus would

be paid.

(4) Cases in which a vendor had tenanted

land and also untenanted land. The vendor

before or after he had arranged terms with his

tenants (in some cases he had actually lodged

his Originating Application and Agreements)

received a communication from the Estates

Commissioners calling his attention to the fact

that he had untenanted land, and asking him

would he allow such untenanted land to be

inspected. The vendor consented.

The Commissioners estimated the price of

the untenanted land (which price the vendor

expressed himself willing to accept) and re

quired the vendor:—

(«) To lodge an Originating Request for

the tenanted and untenanted land, or

(£) To turn the Originating Application

already lodged into a Request, and include

in it the untenanted land which had been

valued.

As THE LAW NOW STANDS.

Thus, in the case of good estates with sub

stantial and strong tenants where no alteration

in procedure is necessary a bonus of 12 per

cent, will be paid, while a poor congested

estate, with small tenants, will only get a bonus

of 3 per cent.

In this connexion it is right to remember

that the

Treasury have already estimated

for a

bonus of 12 per cent, on estates in respect

of which Originating Application and Agree

ments under section i were lodged on or prior

to 24th November,

1908.

The foregoing

observations apply to such cases. The turning

of an Originating Application into a Request

means that the Estates Commissioners will

inspect for value. They will not increase the

price agreed to by the vendor, and will, in all

probability, reduce it. This means that if the

Government agree to the foregoing suggestions,

the

Treasury will not have to pay more

than they

have already estimated for, and

will probably

have to pay a great deal less.

CONGESTED DISTRICTS BOARD CASES.

The cases of sales to the Congested Districts

Board where the "agreement "under section 79

has not been made does not appear to be

covered by Mr; Birrell's letter of the

igth

January, 1909.

In these cases the purchase-

money has been arranged between the vendor

and the Congested Districts Board, on the

distinct understanding that a Bonus of 12

per cent, would be paid, and the Board have,

in many cases, actually gone into possession of

the estates, and into receipt of the rents and

profits, and since the date of the agreement

have paid the vendor interest on the agreed

purchase-money at 3^ per cent.

Suggested Method of Providing for the Foregoing

Cases in the Irish Land Bill,

1909.

For the purpose of meeting the foregoing

cases it is suggested that sections should be

introduced into the Irish Land Bill, 1909, as

follows :—

(i) The percentage payable under section 48

of the Act of 1903 shall be calculated at the

rate of 12 per cent, in respect of:—

(a)

The purchase-money of estates in re

spect of which Originating Requests under

section 6 of the Act of 1903 were lodged on

or prior to 24th November, 1908.

{b)

The purchase-money of estates in re

spect of which Originating Applications

under section

i of the Act of 1903 were

lodged on or prior to 24th November, 1908,

and which Originating Applications have

been, or may hereafter be, changed into

Originating Requests with the consent of

the vendor, and by the direction of the

Estates Commissioners.

(c)

Purchase agreements lodged after the

24th November, 1908, in substitution for, or

in modification of, purchase agreements

lodged on or prior to the 24th November,

1908.

(tf)

The purchase-money of estates which

the Congested Districts Board on or prior to

the 24th November, 1908, offered to purchase

at a price which the vendor accepted. The

acceptance by the vendor of the Board's

primary offer shall, for the purpose of the

bonus only, be deemed to be an agreement,

although the agreement under section 79

of the Act of 1903 was not signed till after

the 24111 November, 1908.

Solicitors' Buildings, Four Courts,

Dublin,

$ih February,

1909.

" Irish Office, Old Queen Street, S.W.,

"

g/h February,

1909.

" SIR,—I have placed, before

the. Chief

Secretary your

letter of 6th instant, with