(2) _Land Purchase_. The Unionist Government considered that the dual ownership set up by the Act of 1881 would be a constant source of trouble, and that its working could not be for the benefit of the country. They believed that the best solution of the land question would be a system of purchase whereby the occupiers would become owners. This of course was entirely opposed to the wishes of the Nationalists; for if the land question was settled, the motive power which was to carry separation with it, would be gone.
Some efforts in the direction of Land Purchase had been made in 1870 (at the instance of Mr. Bright) and in 1881; but nothing was done on a large scale until 1885, when the "Ashbourne Act" was passed; and various further steps were taken by the Unionist Government, culminating in the great "Wyndham Act" of 1903. By the earlier Acts, 73,858 tenants became owners; by the Wyndham Act, 253,625. As the total number of agricultural tenants of Ireland amounted to slightly under 600,000, it will be seen that more than half of them have now purchased their holdings. To explain the general principles of the Act, it is sufficient to say that when the landlord and tenants of an estate agree to a sale, the Government advance the money, and the tenant purchasers undertake to repay it by annual instalments extending over a period of 68 years. As these annual payments must be less than the existing rent as fixed by the Land Court under the Act of 1881, the purchasing tenant has no ground for complaint; and though the income of the landlord is reduced by the sale, he is freed from further anxiety; and besides, the Government give a bonus to the vendor from Imperial funds. It will be seen at once that the scheme would have been impossible under Home Rule; for the English Government had by the end of March 1911, agreed to advance the enormous sum of nearly £118,000,000; an amount which no Irish Government could have raised except at such an exorbitant rate of interest that it would have been out of the question. On the other hand, England has become the creditor of the new Irish landowners for this vast amount; and in the event of Separation a serious difficulty may arise as to its repayment.