asked the Minister for Posts and Telegraphs if in view of the serious damage to the national interests resulting from the monopoly position of the associated banks in our economic system he will reconsider the desirability of initiating a post office giro system which might to some extent help to mitigate the present dangerous situation of our economy.
Ceisteanna—Questions. Oral Answers. - Post Office Giro System.
123.
Because of the major organisational and financial problems involved, a giro system, even if one were considered desirable, could not be brought into operation quickly. For the longer term considerations, I would refer the Deputy to the reply given by my predecessor on the 26th March, 1968.