Skip to main content
Normal View

Dáil Éireann debate -
Wednesday, 4 Jun 1924

Vol. 7 No. 19

CEISTEANNA—QUESTIONS. [ORAL ANSWERS.] - LAND PURCHASED BY LAND BANK TRUSTEES.

asked the Minister for Lands and Agriculture if he will state how it is intended to deal with farms taken over under the auspices of the Land Bank some years ago, prior to the Truce; whether the Trustees who took responsibility for the large sums advanced by the Irish banks to purchase these farms will be recouped for any losses they have sustained through the fall in land values and the general depression in agriculture following the war; whether he is aware that the high rate of bank interest renders the position of these trustees and their holdings more precarious every day; and whether, in view of the sacrifices these trustees made in the interests of the national movement at the time, he will make this question of trustee farms one of the first he will direct his attention to in operations under the new Land Act.

Lands purchased by societies or bodies of trustees by means of loans from the National Land Bank will be vested in the Land Commission under Part III, of the Land Act, 1923, and will be dealt with by the Commission in the manner prescribed by the Act.

Particulars as regards 12 blocks of land have been lodged by the National Land Bank with the Land Commission and the cases will be dealt with as rapidly as possible.

Part III. of the Act does not apply to lands purchased by means of loans from banks other than the National Land Bank.

With regard to land purchased by trustees, most of such land has already been inspected. The necessity for deal ing with these cases as soon as possible is fully recognised and the Land Commission are prepared to do everything possible to relieve the trustees subject always, of course, to the condition that the advance to be made in respect of any such lands shall not be more than the lands are security for.

Top
Share