To ask the Minister for Finance what is the relation of the National Land Bank, Ltd., to the Government; whether the majority of the shares in the Bank are the property of the Dáil; and whether Messrs. Robert Barton and Erskine Childers are still Directors.
CEISTEANNA—QUESTIONS. - NATIONAL LAND BANK.
UINSEANN DE FAOITE
MINISTER for FINANCE (The President)
The paid up capital at 30th June, 1922, was £203,337, of which Dáil Eireann paid in £200,000. In addition Dáil Eireann paid in £91,611 18s. 2d., the proceeds of $400,000 remitted from the funds held in U.S.A. This £91,611 18s. 2d. is temporarily held on deposit pending its transfer to Share Capital Account. In addition the Dáil supplied £10,000 for preliminary expenses and £25,000 for general development. Messrs. Robert Barton and Erskine Childers are not now on the Directorate.