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Dáil Éireann - Volume 30 - 13 June, 1929 Ceisteanna—Questions. Oral Answers. - Electricity Supply Board's Operations. Mr. Briscoe Mr. Briscoe Mr. Briscoe asked the Minister for Industry and Commerce whether he will state what portion of the Shannon Works have been taken over to date by the Electricity Supply Board, the respective amount of liability assumed by the Board for each portion taken over, the rate of interest fixed on the respective amounts, and the total amount of interest paid to date to the Minister for Finance, as prescribed by Section 15 (2) of the Electricity (Supply) Act, 1927. Minister for Industry and Commerce (Mr. McGilligan) Patrick McGilligan 1285 Minister for Industry and Commerce (Mr. McGilligan): The only portion of the Shannon Works taken over by the Electricity Supply Board is that known as Loop IV., consisting of the 38 Kv. transmission lines on the circuit Dublin-Wexford-Waterford-Maryborough-Dublin, the connected 38 Kv. transformer stations and the temporary transformer station at Inchicore. These works were transferred to the Board on the 25th March last. The precise amount of the liability in respect of the works thus transferred to the Electricity [1285] Supply Board and the rate of interest to be charged thereon have not yet been determined. No payments in respect of interest have yet been made by the Board, the period which has elapsed since the transfer of the works being only eleven weeks. Mr. Briscoe Mr. Briscoe Mr. Briscoe: Will the Minister state what period must elapse when these arrangements will be entered into; what period does the Act allow to elapse? Mr. McGilligan Mr. McGilligan Mr. McGilligan: The Deputy ought to be able to read the Act. Mr. Briscoe Mr. Briscoe Mr. Briscoe: My interpretation of the Act from a layman's point of view is that these arrangements should be made immediately. Mr. McGilligan Mr. McGilligan Mr. McGilligan: That is the Deputy's interpretation, at any rate. Dáil Éireann 30 Ceisteanna—Questions. Oral Answers. Electricity Supply Board's Operations. Questions 19290613
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