asked the Minister for Finance whether there is any information available in his Department regarding the transfer of deposits to Six-County branches of Irish banks by depositors in the State, following the increase in the English bank rate and, if so, the nature of the information.
Ceisteanna—Questions. Oral Answers. - Transfer of Bank Deposits.
There is no information available in my Department regarding the transfer of deposits to Six-County branches of Irish banks.
Arising out of the Minister's reply, is he in a position to make any comment on a statement which appeared in the Press last Friday? The statement was made by Deputy Childers, a former Fianna Fáil Minister, and in it he encouraged small depositors in the Republic to export, or perhaps I should say to take their deposits to Six-County banks and so make money scarce here——
That is a matter in which the Minister has no function.
And it is untrue.
I did not see any such statement, but if any statement were made to that effect, naturally I would deprecate it very much indeed.
It is to be seen in the Press.