I move that the Bill be now read a Second Time.
The Bill is based on sections 97, 98 and 99 of the Housing Bill, 1965 at present before the Dáil. In brief, section 2 of the Bill provides power for a county council to waive the restrictions on mortgaging, charging, subdivision or alienation of a labourer's cottage and plot during the period for the repayment of the annuity. Section 3 enables an annuity to be redeemed, if the council entitled to it think fit, by payment to them of an amount approved by the Minister. I should, perhaps, emphasise at this point that the amount which will be approved under the section will be related to the market value of the relevant interest in the property, rather than to the present value of the annuity calculated on a strictly mathematical basis.
Section 4 provides that if an annuity is redeemed all the provisions of the Labourers Act, 1936, which apply during the repayment period, shall cease to apply. These provisions include a prohibition on the use of the cottage otherwise than for the accommodation of an agricultural labourer and his family, a prohibition on the subdivision, mortgaging or charging of the cottage and a prohibition on the removal from the plot of sand, soil, gravel, etc.
Apart from the desirability of getting these particular provisions enacted soon, the Bill is necessary to ensure that there is no delay in the development of certain mining operations in County Tipperary. Negotiations are going forward, on behalf of the mining company, to provide a sum of 22,000,000 dollars which will be required for the purpose of developing and bringing the mine into production. The parties negotiating for the provision of the capital require, inter alia, that they will get a debenture secured on all the property.
The land held by the company contains a labourer's cottage and plot which the company have bought from the former vested owner. The cottage and plot remain subject to most of the statutory restrictions in the 1936 Act, including the restriction on mortgaging or charging and on the removal of sand, soil, gravel, etc. There is no power under existing legislation to waive these restrictions. A debenture on all the property of the company could, therefore, not be given: and the restriction on the removal of sand, etc., from the plot would also cause difficulties—as would the delay in or waiting for the enactment of the long and complex Housing Bill at present before this House. I am sure that the House will agree that it would be undesirable to have obstacles of this sort in the way of the project—with the very considerable investment and employment which it will bring to the area.
The present Bill, if enacted soon, would enable these difficulties to be overcome without undue delay. The county council could, under section 2, consent to the cottage and plot being mortgaged or charged: and under section 3 they could, if they thought fit, accept a sum approved by the Minister, in redemption of the annuity. When the annuity is redeemed, the cottage and plot would, under section 4, be freed from all the provisions of the 1936 Act and could be dealt with in the same way as any other property.
I should, perhaps, point out at this stage that it is my intention to retain the provisions of the present Bill in the Housing Bill—without, of course, in any way affecting anything done under the present Bill.
I commend the Bill to the House.