asked the Minister for Finance if he will state whether the development of hire-purchase financing in this country is kept under adequate review and whether steps to limit its operation to suitable and beneficial purposes are in contemplation and preparation.
Ceisteanna—Questions. Oral Answers. - Hire-Purchase Financing.
Section 65 of the Central Bank Act, 1942, empowers the Central Bank to obtain information as to hire-purchase businesses. The results of the bank's inquiries are published in its annual report.
Hire-purchase is regulated by the Hire-Purchase Act, 1946, which was sponsored by the Minister for Industry and Commerce, and any request for further information should be addressed to him.