asked the Minister for Finance if he will state the amount of arrears of land annuities absorbed in the Guarantee Fund at the Guarantee Fund year ended 31st January, 1932, and for each of the years 1932-33 to 1936-37, the amounts (a) paid into the Guarantee Fund by way of moneys granted to local authorities in relief of rates on agricultural land; (b) withheld from local authorities to meet deficiencies in the Purchase Annuities Fund, and (c) subsequently recovered from the Purchase Annuities Fund on collection of arrears of annuities.
Written Answers. - Arrears of Land Annuities.
The amount of local taxation grants absorbed in the Guarantee Fund at 31st January, 1932, being the accumulated arrears of land purchase annuities at the said date made good from the Guarantee Fund, was £808,276.
The amounts of such grants similarly absorbed during the Guarantee Fund years as follows, and at the end of these years were:—
|
Guarantee Fund Year ended— |
Arrears of Annuities Drawn from Guarantee Fund |
Recovered Arrears Repaid to Guarantee Fund |
Accumulated Arrears made good from Guarantee Fund |
|
£ |
£ |
£ |
|
|
31 January, 1933 |
2,511,454 |
717,231 |
2,602,499 |
|
31 January, 1934 |
470,749 |
— |
470,749 |
|
31 January, 1935 |
1,405,148 |
685,372 |
1,188,526 |
|
31 January, 1936 |
1,375,079 |
1,264,104 |
1,299,501 |
|
31 January, 1937 |
1,244,940 |
1,226,037 |
1,318,404 |
NOTE.—Following on the funding and writing off of arrears effected under the provisions of the Land Act, 1933, no part of the figure of £2,602,499 arrears at 31-1-33 is included in those of the subsequent years.
The amounts paid into the Guarantee Fund in respect of Exchequer grants to local authorities in relief of rates on agricultural land were:
|
Guarantee Fund year ended: |
|
|
31 January, 1932 |
£1,948,022 |
|
31 January, 1933 |
£1,948,022 |
|
31 January, 1934 |
£1,500,000 |
|
31 January, 1935 |
£1,970,000 |
|
31 January, 1936 |
£1,870,000 |
|
31 January, 1937 |
£1,870,000 |
The amounts withheld from local authorities to meet deficiencies due to arrears in the Purchase Annuities Fund and other local purchase funds, and the amounts subsequently recovered from such funds on the arrears being collected are as stated.