Dáil Éireann - Volume 31 - 11 July, 1929

Ceisteanna—Questions. Oral Answers. - Drogheda Meat Factory.

Mr. Aiken Mr. Aiken

Mr. Aiken asked the Minister for Industry and Commerce whether he has made inquiries into the failure of the Drogheda Meat Factory, and whether he is prepared to make a statement as to the causes of the failure.

Mr. McGilligan Mr. McGilligan

Mr. McGilligan: The failure of this undertaking was due mainly to uneconomic buying in the home market, to high oncosts in the factory, and to the inability of the selling organisation in Great Britain to obtain prices for the factory product equivalent to its quality.

Mr. Lemass Mr. Lemass

Mr. Lemass: Will the Minister state if the Minister for Finance has already been called upon to make good any of the guarantee in connection with the loan to this factory?

Mr McGilligan Mr McGilligan

Mr McGilligan: Undoubtedly part of the guarantee will have to be made good.

Mr. Lemass Mr. Lemass

Mr. Lemass: It has not been made good yet?

Mr. McGilligan Mr. McGilligan

Mr. McGilligan: I would not like to answer that definitely. The factory is in the hands of the receiver at the moment, and I do not know whether the accounts have been presented.

Dáil Éireann 31 Ceisteanna—Questions. Oral Answers. Drogheda Meat Factory.

Questions

19290711