I move that the Committee agree with the Seanad in amendment No. 1:—
Section 39. Before sub-section (5), a new sub-section inserted as follows:—
(5) It is hereby declared and enacted that whenever the Land Commission resumes a holding or part of a holding, the following provisions apply and shall apply and have effect, that is to say:—
(a) the resumption price of such holding or part of a holding, that is to say, the compensation to be paid therefor by the Land Commission, shall be the market value of the holding or part of a holding so resumed.
(b) Section 43 of the Land Act, 1931, shall apply and have effect in relation to a resumption price fixed under the next preceding paragraph of this sub-section and, for the purpose of such application the words "basis on which resumption prices have heretofore been fixed" in the said Section 43 shall be deemed to mean the market price of the holding or part of a holding so resumed;
(c) where the Land Commission, in pursuance of the next following sub-section of this section, acquires other land from the tenant of the resumed holding, the foregoing provisions of this sub-section shall apply to the price to be paid by the Land Commission for such other land as if such price were a resumption price.
This amendment deals with the price to be paid for a resumed holding. There was a long discussion on the point in the Seanad and I informed the House that it was laid down in the 1923 Act that the price to be paid for a resumed holding was the market price. Senators, however, did not seem to believe me and said that they would like to see it in black and white in this Bill. I decided, at the request of the Seanad, to bring in a further amendment to Section 39 although it had already been very much amended in this House. I now propose that the Dáil agree with the Seanad in this amendment.