THE AGRARIAN UK FORM OF 1903. 14$ 



The Wyndham Act makes speci. i for 



problem of the enlargement of 



ty holdings. Where these holdings arc mer 



verted into peasant proprietorships, the post- 



i of the occupier would be scarcely improved. 



< rto the Congested Districts Board has 



occupied itsel; trgement of holdings 



by the purchase of estates (containing untenanted 



as well as d land) and their resale to the 



In future it can pi vork more 



Land Commission is to finar 

 it. The Board however is confined to cert 

 districts, even though similar conditions may pre- 

 le them. Here the Land Commission 

 y come in. It may purchase "congested 

 mcJ resell them to the tenants, even 

 i loss. Congested estates are defined to 

 be those at least half of which is taken up by 

 holdings of $ valuation or under, or which 

 consists half of mountain or bog, or where or 

 more is held in rundale. 



The Land Commission may sell these est; 

 to the tena a loss, but the total loss, taki 



into account both the cost price and the expenses 

 of improvements, must not exceed 10 per cent, ot 

 the sales carried out in that year. 



bodies, too, have invested much of their funds in mortgages. 

 >testant Church of Ireland, for example, is at t he- 

 present moment collecting a fund of .250,000 simply to 

 cover the worst of the loss that may arise through repayment 

 of mortgages. For the man of small savings, the fall in the 

 rate of interest is a very serious matter. 



