Purchase of Land (Ireland) Act 1885
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The Purchase of Land (Ireland) Act 1885 also known as the Ashbourne Act is an Act of the Parliament of the United Kingdom (48 & 49 Vict. c. 73) passed by a Conservative Party government in the United Kingdom under Lord Salisbury. It extended the terms that had been achieved under the Kilmainham Treaty. It set up a £5 million fund and any tenant who wanted to buy land could do so. They could take a loan from the government and would pay it back in monthly installments.
The loans would be paid back over 48 years and the rate of interest would be fixed at 4% per anum. This made the loan repeayments affordable and it meant that more people could benefit from the Act as they would now be able to buy their own land. It rounded off the achievements of the original Irish Land Acts as they only suggested that tenants could buy land. The Ashbourne Act was cementing that and it actually gave this right to the tenants.
It has often been argued that the Act wasn't passed out of any genuine desire to help Ireland. It was passed in order to win the support of Charles Stewart Parnell. Salisbury knew that his government wouldn't last long as the Liberal Party had an overall majority. Salisbury realised that he would need Irish support to maintain power. Therefore the Ashbourne act was a way to win over Parnell while keeping William Ewart Gladstone in the backbenches. The Ashbourne Act had positive consequences for the people of Ireland but it had an ulterior motive.
The Ashbourne Act was extended in 1888. It increased the government grants for loans by a further £5 million and it became law in August 1891.
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