Land Purchase.

Part of Oral Answers to Questions — Ireland. – in the House of Commons on 17th May 1922.

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Photo of Mr Hamar Greenwood Mr Hamar Greenwood , Sunderland

The term "pending transaction" is well understood. What is contemplated is that such transactions should be proceeded with in the same way as if there had been no change of Government. Interest on purchase money may be payable in the case of a purchase agreement which has not been finally sanctioned, and until final sanction has been given in accordance with the usual procedure it cannot be assumed that the purchase money mentioned in such agreement will be payable.