asked the Minister for Lands what is the annual amount payable on a £500 loan to a farmer from the Land Commission under the new housing loan arrangements; and if there will be any reductions as the annual payments are made.
Ceisteanna—Questions. Oral Answers. - Land Commission Housing Loans.
67.
The annual amount payable in such a case would vary from £31 5s. Od. to £16 5s. Od. depending on whether or not the applicant's lands were vested. An annuity set up in respect of a housing advance made by the Land Commission is consolidated with the applicant's existing land annuity and the consolidated annuity is payable in full until all relevant charges are redeemed in accordance with the Land Acts and Rules. Annuities may, of course, be redeemed in whole or in part for cash at any time, in which event credit is given for accumulated sinking fund.