With the permission of the Ceann Comhairle, I propose to take Questions Nos. 24, 25 and 26 together. Certain tenant purchasers of local authority houses who purchased their houses outright under pre-July 1973 schemes now qualify for a cash refund to compensate them for the higher price they had to pay, as compared with the July 1973 scheme. The refund will be payable by the local authority on the following basis:
(1) Where the price paid under the pre-July 1973 scheme was higher than that payable under the July 1973 scheme, the tenant purchaser will be refunded one quarter of the difference between the pre-July 1973 price and what he would have paid under the July 1973 scheme.
(2) The concession will not apply where the house was resold by the tenant purchaser before 1 March 1978.
In addition, where a tenant purchaser is already entitled to a reduction in the repayment period by virtue of a higher price paid under a pre-July 1973 scheme, the benefit of the reduction in the repayment period will also apply where the amount outstanding is redeemed in full as and from 1 March 1978.