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Repayment of advances under Labourers (Ireland) Act, 1906.
6 Edw. 7. c. 37.
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11.—(1) Advances made under section sixteen of the Labourers (Ireland) Act, 1906 (which are by virtue of that section repayable in like manner as advances under the Land Purchase Acts), shall, whether made before or after the passing of this Act, be repayable in like manner as advances made in pursuance of pending purchase agreements, and, as respects all such advances, the rate of interest paid by the Land Commission to the National Debt Commissioners shall be two-and-three-quarters per cent. per annum.
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(2) The payment charged on the Ireland Development Grant under section seventeen of the Labourers (Ireland) Act, 1906, shall, so far as that grant is insufficient to meet the payment, be defrayed out of moneys provided by Parliament instead of being charged upon that grant: Provided that the total amount of the payment to be charged on the said grant, or to be defrayed out of moneys provided by Parliament, shall not exceed twenty-eight thousand pounds in any year.
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