Dáil Éireann - Volume 34 - 14 May, 1930

Ceisteanna—Questions. Oral Answers. - Interest on Agricultural Loans.

Mr. Aiken (for Mr. F.H. Crowley) Mr. Aiken (for Mr. F.H. Crowley)

Mr. Aiken (for Mr. F.H. Crowley) asked the Minister for Finance whether in view of the recent reduction in Irish bank rate he has taken any steps to reduce the rate of interest for loans from the Irish Agricultural Credit Corporation.

Minister for Finance (Mr. Blythe) Ernest Blythe

Minister for Finance (Mr. Blythe): I understand that the rate of interest charged on advances by the Agricultural Credit Corporation is fixed with reference to the rates of interest payable on long term gilt-edged and other high-class securities and not with reference to the current bank rate for short term loans or advances. In the circumstances, the recent alterations in the short term bank rate does not constitute any reason for varying the rate of interest charged by the Corporation.

Dáil Éireann 34 Ceisteanna—Questions. Oral Answers. Interest on Agricultural Loans.

Questions

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