asked the Minister for Lands if he will indicate the general effect of the various Land Acts relating to rents, judicial rents and land annuities in so far as a tenant of an agricultural holding who was paying a rent of £1 per annum to a landlord in 1910 is concerned.
Written Answers. - Effect of Land Acts on Rents and Annuities.
Disregarding complications as to arrears of rent and exceptional classes of holdings, the position is, generally, as follows:—
Standard purchase annuities of holdings to which Land Act, 1923, applied were calculated at amounts representing 65 per cent. or 70 per cent. of the former rents, depending on whether such rents were fixed before or after mid-August, 1911.
Subsequently, under Land Act, 1933, the tenant purchasers' instalments of purchase annuity were further reduced by 50 per cent.
In general, therefore, a rent of £1 fixed in 1910 would now be represented by a revised annuity of 6/6.