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Irish Land Act, 1909

Part II.

Land Purchase.

Limitation on amount of advances to tenant purchasers.

51 & 52 Vict. c. 49.

15.—(1) No advance exceeding the sum of three thousand pounds shall be sanctioned under the Land Purchase Acts to any tenant, in pursuance of an agreement for the purchase of a holding entered into after the passing of this Act, unless (a) the tenant resides on the holding, or such holding is ordinarily used with the holding on which the tenant resides; and (b) the Land Commission consider that an advance of a larger amount not exceeding five thousand pounds may properly be sanctioned.

(2) A person shall be deemed to reside on a holding within the meaning of this section if he occupies a house in the immediate neighbourhood for the purpose of working or managing the holding.

(3) Section two of the Purchase of Land (Ireland) Amendment Act, 1888, and subsection (4) of section one of the Act of 1903, shall cease to have effect save as regards advances in pursuance of purchase agreements entered into before the passing of this Act.