Dáil Éireann Debate, Wednesday - 5 October 2016
213. Deputy Michael Healy-Rae asked the Minister for Agriculture, Food and the Marine his views on correspondence (details supplied) regarding remedial works; and if he will make a statement on the matter. [28921/16]
View answerThe Public Trustee at Government Buildings, Farnham Street, Cavan, holds funds in trust for the repair and maintenance of part of the embankment at Fenit Island. The funds currently held include stock retained in Government Bonds with a nominal value of €5112.92 and an amount of €1,210.16 held on deposit. The selling of stock involves the deduction of stockbroker fees, commissions and a penalty where funds invested are redeemed in advance of their maturity date whereas the funds held on deposit are readily available for drawdown. There is provision in the Trust to make payments on request for works carried out in accordance with the Deed of Trust. Funds can be accessed by contacting the Public Trustee who will discuss the options available.
