asked the Minister for Lands if he will state (a) separately in respect of each year since 1933 the amount of the Exchequer subsidy paid into the Land Bond Fund arising from the 50 per cent. reduction in the land annuities under the Land Act of 1933, and (b) the total subsidy paid to date.
Written Answers. - Land Bond Fund: Exchequer Subsidy.
Following are replies to the two parts of the question.
(a) Payments made each year since 1933 to meet Deficiencies in the Land Bond Fund arising out of Section 27(2), Land Act, 1933.
|
Year |
Amount |
|
£ |
|
|
1933-34 |
271,019 |
|
1934-35 |
547,520 |
|
1935-36 |
559,628 |
|
1936-37 |
577,939 |
|
1937-38 |
592,418 |
|
1938-39 |
608,642 |
|
1939-40 |
617,965 |
|
1940-41 |
623,797 |
|
1941-42 |
629,471 |
|
1942-43 |
631,981 |
|
1943-44 |
634,200 |
|
1944-45 |
634,913 |
|
1945-46 |
636,141 |
|
1946-47 |
635,540 |
|
1947-48 |
636,489 |
|
1948-49 |
637,271 |
|
1949-50 |
640,777 |
|
1950-51 |
642,856 |
|
1951-52 |
649,225 |
|
1952-53 |
657,864 |
|
1953-54 |
665,194 |
|
1954-55 |
672,176 |
|
1955-56 |
683,517 |
|
1956-57 |
694,167 |
|
1957-58 |
706,560 |
(b) Total payments made to 31st March, 1958, £15,487,270.
NOTE.— These payments are charged against Sub-head H(3) of the Vote for Lands which since 1st April, 1954, also includes a charge of approximately £339 per annum in respect of Bonus Bonds issued under the Land Act, 1953.