Léim ar aghaidh chuig an bpríomhábhar

Dáil Éireann díospóireacht -
Tuesday, 6 May 1958

Vol. 167 No. 10

Ceisteanna—Questions. Oral Answers. - Memorandum on Capital for Industry.

asked the Minister for Finance if he will arrange to have the memorandum on capital for industry compiled by the Industrial Credit Company and referred to by him in the Second Stage debate on the Industrial Credit (Amendment) Bill, 1958, put on the Table of the Dáil.

This memorandum was submitted in January, 1955. As stated by the former Taoiseach in reply to a parliamentary question on 17th July, 1956, it was of a confidential nature.

I do not propose to have it made available generally. Action has already been taken or is in course of being taken on the main recommendations. These were: (1) the provision of additional capital for industrial finance through the Industrial Credit Company, Limited. Arrangements to this end are being made following on the enactment of the Industrial Credit (Amendment) Act, 1958; (2) the extension of the tax concession given under Section 7 of the Finance Acts 1932 and 1935. Section 4 of the Finance Act, 1957 dealt with this matter; (3) the easing of the restrictions imposed by the Control of Manufactures Acts. An Amending Bill is at present before the House; (4) the simplification of the statutory provisions governing the giving of trade loan guarantees. This is being dealt with by the provision of alternative facilities through the Industrial Credit Company, Limited, as announced in the course of the debate on the Industrial Credit (Amendment) Act, 1958.