by Published by The National Executive of Fianna Fáil in [Ireland] .
Written in English
|Other titles||Reply of counsel consulted by the National Executive of Fianna Fáil|
|Contributions||Traynor, Oscar, 1886-1963.|
|The Physical Object|
|Pagination||[1-2], 3-23,  p. ;|
|Number of Pages||24|
In the Irish Free State, the land purchase annuities amounted to over £3m per annum, a substantial figure (given that the total revenue intake in the early s was approximately £25m). The average burden of the annuities on the individual farmer was not huge—about 10% of net income—but it was a fixed amount, so the burden increased in. Annuities are insurance contracts that promise to pay you regular income either immediately or in the future. You can buy an annuity with a lump sum or a series of payments. The Anglo-Irish Trade War (also called the Economic War) was a retaliatory trade war between the Irish Free State and the United Kingdom from to The Irish Government refused to continue reimbursing Britain with land annuities from financial loans granted to Irish tenant farmers to enable them to purchase lands under the Irish Land Acts in the late nineteenth . The Land Act , passed on a vote of 70–39, allowed the Minister for Finance to divert the annuities for local government projects. This was a factor that caused the "Economic war" between and , and was mutually resolved by a one-off payment of £10m to Britain in From the government argued strongly that Irish farmers.
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