to evict him for non-payment of rent, he can apply
to the court to fix the fair rent, and meantime the eviction
proceedings will be restrained by the court. (Sec. 13.) (2) Fair rent,
by which any yearly tenant may apply to the Land Commission Court (the
judges of which were appointed under Mr. Gladstone's Administration)
to fix the fair rent of his holding. The application is referred to
three persons, one of whom is a lawyer, and the other two inspect and
value the farm. _This rent can never again_ be raised by the landlord.
(Sec. 8.) (3) Free sale, by which every yearly tenant may, whether he
has had a fair rent fixed or not, sell his tenancy to the highest
bidder whenever he desires to leave. (Sec. 1.) (_a_) There is no
practical limit to the price he may sell for, and twenty times the
amount of the annual rent has frequently been obtained in every
province of Ireland. (_b_) Even if a tenant be evicted, he has the
right either to redeem at any time within three months, _or to sell
his tenancy within the same period to a purchaser who can likewise
redeem_ and thus acquire all the privileges of a tenant. (Sec. 13.)
Even more important than this is the Land Purchase Act of 1885,
commonly called Lord Ashbourne's Act, by which the whole land in
Ireland is potentially put into the hands of the farmers, and of the
working of which much will have to be said before these papers end.
This Act, in its sections 2, 3, and 4, sets forth this position,
briefly stated: If a tenant wishes to buy his holding, and arranges
with his landlord as to terms, he can change his position from that of
a perpetual rent-payer into that of the payer of an annuity,
terminable at the end of forty-nine years--the Government supplying
him with the entire purchase-money, to be repaid during those
forty-nine years at 4 per cent. This annual payment of L4 for every
L100 borrowed covers both principal and interest. Thus, if a tenant,
already paying a statutory rent of L50, agrees to buy from his
landlord at twenty years' purchase (or L1,000) the Government will
lend him the money, his rent will at once cease, and he will not pay
L50, but L40, yearly for forty-nine years, and then become the owner
of his holding, free of rent. It is hardly necessary to point out
that, as these forty-nine years of payment roll by, the interest of
the tenant in his holding increases rapidly in value. (Land Purchase
Act, 1885, secs. 2, 3, and 4.)
Under the Land Act of 188
|