Limerick witnessed an address by Lord Dunraven yesterday, where he expressed his satisfaction with the performance of the Land Purchase Act implemented the previous year. According to Lord Dunraven, the legislation was functioning effectively, considering the limitations imposed by prevailing financial conditions. He revealed that within the span of four months since its enactment, an impressive £2,000,000 had been sought in loans, covering a total of 4,152 holdings.

The magnitude of these figures is particularly noteworthy when considering the restriction that only allows a maximum of £5,000,000 to be raised in any given year. Lord Dunraven’s statements shed light on the substantial demand for land purchase loans and the eagerness of landowners to participate in the scheme.

The Land Purchase Act has been a significant step towards facilitating a smoother transition of land ownership, empowering tenants to become owners of the land they cultivate. Lord Dunraven’s remarks highlight the success of the Act in attracting applications for loans and generating momentum in the process of land reform.

While financial constraints dictate the pace of implementation, Lord Dunraven’s positive assessment underscores the overall effectiveness of the Land Purchase Act within the existing economic framework. This progress serves as a testament to the commitment to address land issues and support the aspirations of tenant farmers in Limerick and beyond.

Morning Leader – Thursday 14 April 1904