IRISH AliKAKlAN 99 



Up to the datt ioned therefore over 



ve been allotted to become 



or more < future the pro- 



70,000 tenants for a sum 



of over 20,000,000. c total number of 



: ships thus created in Ireland is 



: 



Under the Acts of 1869-1881 

 c Ashbourne Acts 

 Acts 



75.466 



In all these cases the State holds a kind of mort- 

 gage on the farm of the tenant, who becomes 

 owr ii this is paid off. This constitutes a 



liange in the economic position of the 

 int. 



: us take a case in which a tenant has been 



paying a rent of /ioo a year. He redeems it, 



us say, at eighteen years' purchase. The 



money is therefore 1800. On this 



.iit pays 4 per cent, for forty-nine 



yea In other words, by the use of 



^lish credit he gets a reduction on his c 

 fair rent of 28 per cent. An Irish peasant there- 

 fore becomes an owner by the process of paying 

 for forty-nine years a rent 28 per cent, less than 

 that of his neighbour who is under a judicially 

 The only advantage of the neighbour 

 have his rent revised every fifteen 

 years and is thus in a position to profit by a fall 

 ch a fall would have to be a very 



in i 



