Capitalising on the Irish land question : land reform and state banking in Ireland, 1891–1938
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Land reform and its financial arrangements are central elements of modern Irish history. Yet to date, the financial mechanisms underpinning Irish land reform have been overlooked. The article outlines the mechanisms of land reform in Ireland and the importance of land bonds to the process. Advances worth over £127 million were made to tenant farmers to purchase their holdings. These schemes enabled the transfer of over three-quarters of land on the island of Ireland. The article introduces a new database on Irish land bonds listed on the Dublin Stock Exchange from 1891 to 1938. It illustrates the nature of these bonds and presents data on their size, liquidity and market returns. The article finds a high level of state banking in Ireland: large issues of land bonds were held by state-owned savings banks.
Foley-Fisher , N & McLaughlin , E 2016 , ' Capitalising on the Irish land question : land reform and state banking in Ireland, 1891–1938 ' Financial History Review , vol 23 , no. 1 , pp. 71-109 . DOI: 10.1017/S0968565016000019
Financial History Review
Copyright © European Association for Banking and Financial History e.V. 2016. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at http://dx.doi.org/10.1017/S0968565016000019
This research is part of a wider project, ‘A messy divorce? Irish debt and default, 1891–1938’, conducted by McLaughlin as a Leverhulme Early Career Fellow.