Dáil Éireann debate -
Tuesday, 12 May 1925

Vol. 11 No. 12

CEISTEANNA—QUESTIONS. ORAL ANSWERS. - BANK ADVANCES TO LOCAL AUTHORITIES.

Mr. DARRELL FIGGIS (for Mr. A. Byrne)

asked the Minister for Local Government and Public Health if he can state what amount has been advanced for fixed periods by each of the following Banks:—The Bank of Ireland, the National Bank of Ireland, the Munster and Leinster Bank, the Hibernian Bank, the National Land Bank, the Provincial Bank of Ireland and the Royal Bank of Ireland, to local authorities for (a) housing, (b) relief of agricultural rates, (c) other purposes; also, what amounts are due to these Banks by way of temporary overdrafts to local authorities, in Saorstát Eireann, and the rate charged for these advances.

MINISTER for LOCAL GOVERNMENT and PUBLIC HEALTH (Mr. Burke)

The answer to this question is a very long one, and is in the form of a table. It would be impossible to answer it orally and in a way in which it would be understood. It will appear in the Official Report:—

STATEMENT showing (a) the amounts which have been advanced for fixed periods by each of the following banks to Local Authorities in Saorstát Eireann; (b) the amounts actually outstanding in respect thereof; and (c) the amounts due by way of temporary overdrafts. (Compiled from returns furnished by County and County Borough Councils, Urban District Councils, Rural District Councils and Town Commissioners.)*

Name of Bank	Amounts which, at 31st March, 1925, have been advanced for fixed periods	Amounts actually outstanding on 31st March, 1925, in respect of the foregoing loans	Amounts due at 31st March, 1925, to each of these Banks by way of temporary overdrafts to Local Authorities in Saorstát Eireann
	For housing	For relief of agricultural rates	For other purposes	For housing	For relief of agricultural rates	For other purposes	Amounts due	Rates % charged for the advances
	£	£	£	£	£	£	£
TOTAL	693,920	749,740	1,872,924	434,710	749,740	1,190,496	623,847	3½ to 6
The Bank of Ireland	177,622	—	574,615	64,617	—	370,734	27,850	4 to 5½
The National Bank of Ireland	304,299	199,063	433,761	229,357	199,063	338,996	215,540	4 to 5½
The Munster and Leinster Bank	150,707	393,170	584,191	95,657	393,170	269,025	234,339	3½ to 5½
The Hibernian Bank	41,723	71,365	208,599	32,662	71,365	158,369	119,110	4 to 5½
The National Land Bank	3,194	—	7,850	2,919	—	6,610	—	—
The Provincial Bank of Ireland	10,486	86,142	48,276	5,158	86,142	33,118	25,829	4½ to 6†
The Royal Bank of Ireland	5,889	—	15,632	4,340	—	13,644	1,179	½% less than General Bank Rate.

* In some instances County Boards of Health have loans for fixed periods. These are not considerable and are not included,

†On a small overdraft.