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Land Purchase Aid Fund.
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47.—(1) There shall be established, as part of the Irish Land Purchase Fund, a fund to be called the “Land Purchase Aid Fund,” and there shall, in each financial year, be paid out of that fund to the Land Commission such sums as the Treasury, on the request of the Land Commission, may sanction, provided that the total of the sums so paid shall not exceed twelve million pounds.
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(2) The sums required for the Land Purchase Aid Fund shall be raised by the issue of guaranteed two and three-quarters per cent. stock, as by this Act provided, and a sum sufficient to pay the dividends on the amount of stock issued for the purposes of this section, together with ten shillings per cent. per annum by way of sinking fund, shall be paid in each year to the Irish Land Purchase Fund out of money provided by Parliament.
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