34
In addition to the holdings sold under the Land Purchase Acts, 6,057 holdings, representing a purchase money of £1,674,841, were also sold to tenants under the Irish Church Act, 1869. These are excluded from the preceding table, as the Church Act is not included in the definition of the Land Purchase Acts. The sales to Church tenants were not carried out by means of advances as under the Land Purchase Acts, but by way of credit to the Church fund, and a large number of the sales were to direct tenants of Church lands and to others, subject to tenancies in respect of which subsequent sales under the Land Purchase Acts have been carried out and still take place.
The Land Purchase provisions of the Act of 1870 were administered by the Board of Public Works (Ireland), those of the Acts 1881-1896 by the Irish Land Commission, and those of the Acts 1903-1909 by the Estates Commissioners. The advances under the Acts of 1870-1888 were made in cash, and the advances under the Acts of 1891-6 were made in Guaranteed Land Stock (2¾ per cent.) The financial provisions in force with regard to the Acts of 1903 and 1909 are described fully in Section XIV.
The following table gives the Rates of Annuity (distinguishing amounts for Interest and Sinking Fund), and the estiimate number of years payable under the various Land Purchase Acts:—
| Purchase Act. | Rate of Annuity. | Rate of Interest comprised in Annuity. | Rate of Sinking Fund comprised in Annuity. | Number of years payable (estimated). |
| Per cent. | Per cent. | Per cent. | ||
| 1881 | 5 | 3½ | 1½ | 35 |
| 1885 | 4 | 3⅛ | ⅞ | 49 |
| 1891 | 4 | 2¾ | 1¼ | 49 |
| 1896 | As in Act of | 1891, with | decadal reductions | 73 |
| 1903 | 3¼ | 2¾ | ½ | 68½ |
| 1909 | 3½ | 3 | ½ | 65½ |
