While the circumstances of the agricultural class in Ireland are by no means ideal, a great deal has been done to improve them. At the present rate of progress, however, it will take from twenty to twenty-five years, if not much longer, to accomplish the results intended by the Wyndham Land Act of 1903, which was expected to bring about the Irish millennium. That act provides that an owner of a large estate may sell to his tenants the holdings they occupy, and his untenanted land to any one who desires to buy it, in such tracts and at such prices as may be agreed upon, corresponding to the income now derived from that particular property. No landlord can sell a few acres here and there of good land under this act, although, of course, he is at liberty to dispose of any part of his estate at any time at any price that he may consider proper. But the terms and privileges of the Wyndham Act can only be enjoyed by a community of tenants in the purchase of the whole or a considerable portion of an estate. A board of commissioners which sits in the old-fashioned mansion in which the Duke of Wellington was born, on Merrion Street, Dublin, is authorized to use its discretion in the application of the law and in granting its privileges to those for whose benefit it is intended. Nothing can be done without their approval. The landlord and the tenants may arrange their own bargains to their own satisfaction, but they must be submitted to the board before they are carried out.
When such agreements are reached and approved by the commission, --including the area sold, the price, and other terms,--the government is expected to furnish the purchase money from the public treasury. The landlord is entitled to receive the cash in full, and the tenant, who pays nothing, gives a mortgage, as we would call it, upon the property to the government for sixty-eight years or less, and agrees to pay an annual installment of 3-1/4; per cent of the purchase price, of which 2-3/4; per cent is interest and 1/2; per cent goes into a sinking fund to cover the purchase money at the end of sixty-eight years. A purchaser may pay off the mortgage at any time he pleases, and receive a clear title to the land; or he may sell it whenever he chooses, subject to the mortgage, which follows the land and not the person. If he is unable to pay his annuities, the government can turn him out and dispose of the land, subject to the same terms and conditions, to another person. It can make no allowance for crop failures or cattle diseases. It cannot extend or modify its credits.