The Adventurers
Act was passed by the Long Parliament on 19 March 1642, its purpose
was to raise money to suppress the uprising which was taking place
in Ireland. Under the act persons who were willing to provide £200.00
to the government would receive 1,000 acres of land in Ireland which
was to be confiscated from its Irish owners.
In July of the following year Parliament
passed the Doubling Ordinance Act which doubled the allocation of
land to anyone who increased their original investment by 25%. Putting
that in today's terms it was possible to acquire land in Ireland
for 12.5 pence an acre.
It is said by 1653 some 11,000,000 acres
had been confiscated and distributed between Cromwell's supporters,
soldiers.and English investors.
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