asked the Minister for Lands if he will furnish particulars of the annuities in payment, or payable, of each successful applicant on an estate (particulars supplied) in the following form: (a) the allotment in acres and decimals of an acre, (b) the contributions or fine, (c) the annuity and period, and (d) the redemption value of annuity on application day.
Ceisteanna—Questions. Oral Answers. - Details of Annuity Payments.
49.
It is not the practice to disclose details of the resale price or annuity payable in respect of any individual allotment; this is a private matter as between the Land Commission and the allottee concerned.
Certain details, including the acreage, of 50 allotments made to local applicants on this estate were supplied to the Deputy in reply to a Question by him on 9th June, 1965: since that date 4 further allotments comprising 4A. 2R. 15P., 3A. 0R. 15P., 2A. 2R. 15P. and 2A. 2R. 0P. have been made.
The annuity rate applicable to the resale prices on this estate is 6¼ per cent, and the period for repayment of the appropriate advances is 54½ years. The present redemption value of the annuities is approximately the cash equivalent of 50 per cent of the resale prices, that is, allowing for revision under the Land Act, 1933.
Would the Parliamentary Secretary answer one straight question? Can he say if, in fact, in cases such as this and particularly in this case, the Land Commission set out to make a profit on the deal?
I would not think so.
I do not want to know what the Parliamentary Secretary thinks. Does the Parliamentary Secretary know or does he not know?
All I can say is that I do not think so.
The Parliamentary Secretary has not the answer to the question which was asked?
I have given a very full answer.
If the Parliamentary Secretary was not prepared to give the exact figures, he should at least have information in his brief which would provide him with material to reply to the question I am now asking him. I want to know about this particular case.
Surely that is a separate question?
It is not a separate question. I am asking if the Land Commission are trying to make a profit on lands they are acquiring and holding because they are trying to get more from the local authority, who are trying to get some of the land from them, than they paid for it.
That seems to be a different question.