asked the Minister for Industry and Commerce if he will state the purpose of the recent guaranteed loan granted to a firm which intends to set up an industry in Greenore; and how many will be employed in the industry.
Ceisteanna—Questions. Oral Answers. - Greenore Industry Loan.
The purpose of the loan as set out in the statement presented to the Oireachtas in January, 1957, was:—
"To assist in the carrying out by Plaster and Gypsum, Limited, Kingscourt, County Cavan, of the following:—
"The purchase of Greenore port and railway station, the transfer of machinery and equipment from the factory of Weatherwell, Limited, at Clondalkin to Greenore, the manufacture of plaster board at Greenore, the development of a gypsum mine at Kingscourt and the provision of working capital."
As it was not feasible to arrange immediately for the transfer of the plaster board manufacture to Greenore, approval was subsequently given for an alteration in the purposes of the guaranteed loan, the effect of which was to delete from the purposes already approved:—
"the transfer of machinery and equipment from the factory of Weatherwell, Limited, at Clondalkin to Greenore and the manufacture of plaster board at Greenore".
I understand that it is the intention to undertake plaster board manufacture in due course at Greenore, but the Deputy will appreciate that to go into any further detail would involve a disclosure of the affairs of a private commercial concern. For this reason also I am unable to give any indication of the number who would be employed in the industry.