asked the Minister for Finance if he will state what amount of the £56,751,000 held by Government Departments, etc., in British Government securities on the 31st March last, was invested in short-term investments (i.e., of maturity of less than 12 months) and what amount was invested in long-term investments (i.e., of maturity of 12 months or longer).
Ceisteanna—Questions. Oral Answers. - British Government Securities.
The whole of the £56,751,000 held by Government Departments, etc., in British Government securities on 31st March last was invested in long-term investments as defined in the question.
How does the Minister reconcile that with his fluidity argument?
asked the Minister for Finance whether he will state if the Agricultural Credit Corporation holds any moneys invested in British Government securities; and, if so, the amount so held.
The Agricultural Credit Corporation holds British Government securities to a nominal amount of £33,527 7s. 0d.
Does the Minister consider that it is the function of the Agricultural Credit Corporation to lend money to the British Government instead of to the farmers of Ireland?
Of course it is not.
The Minister is aware of the fact that the function of the Agricultural Credit Corporation has been prescribed in certain terms by this House and he is not going to tell them what their functions are.
To lend money to the British Government and not to the farmers of Ireland.