As a complement to the Land Act and Arrears Act, boards of guardians were this year empowered to build labourers' cottages with money borrowed on the security of the rates and repayable out of them.
Sir Robert Peel had attempted to deal with it (1) by purchasing large quantities of Indian corn, which he had retailed at low prices in Ireland, and (2) by enabling the grand juries to employ the people on public works, which were to be paid out of moneys advanced by the state, one-half being ultimately repayable by the locality.
A public debt of £20,000, repayable in thirty annual instalments, was contracted in 1899.
In May 1892 the Persian government concluded a contract with the Imperial Bank of Persia, established by British royal charter in 1889, for a loan of 500,000 at 6%, repayable in the course of forty years, and guaranteed by the customs of Fars and the Persian Gulf ports.
This loan was for 223/4 million roubles (~2,4oo,ooo) at 5% interest, guaranteed by all the Persian customs with the exception of those of Fars and the Persian Gulf ports, and repayable in the course of seventy-five years.